- Supply chain problems are forcing retailers to implement stricter shipping policies for suppliers.
- As Europe looks to LNG to help it through the winter, the cost of transporting it is skyrocketing.
- The Nord Stream gas leak has stopped after explosions damaged the pipeline last week.
Container rates further plunged last week with the composite at $4,014 per 40 ft container. This rate has not been below $4,000 since December 2020. An exception to the rule was the Rotterdam to New York rate which rose last week and remains close to record-high levels.
Trucking rate movements varied region to region. The top rate in the Midwest rose to $2.76 per mile on average.
Flatbed trucking demand remains muted across the US with not much change in the past several weeks.
Our “most-watched” metrics are mostly headed toward mean reversion.