US intermodal picking up steam as trucking woes continue
After a long trough of sluggish performance, US intermodal traffic is growing, and the market ...
© Kathrine Martin
By Alex Lennane
US shippers are complaining about transport costs, which they claim have risen 20% from a year ago. However, this appears to be domestic US trucking costs, rather than international freight, as they have been hit by poor weather, new rules on trucking and the shortage of drivers. At the same time, volumes are said to be higher than normal and companies including Coca-Cola, Hasbro, Procter & Gamble, Danone and Nestlé have all cited raising freight costs in recent earnings calls. The WSJ reports.
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