Ocean carriers are hungry for a slice of the growing pharma shipment pie
Pharma is “a growth market” for ocean carriers as shippers become cost- and emissions-conscious, but ...
AAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATES PPLD: TRADING UPDATEBA: TRUMP TRADEAAPL: SUPPLY CHAIN BETDHL: NEW PARTNERJBHT: HAVING FUN TO WIN ACROSS THE BOARD JBHT: 'BEING PREPARED FOR THE NEXT UPTICK IN DEMAND' JBHT: BUYBACKS UPDATEJBHT: PEAK SEASON JBHT: PARING SOME LOSSES
AAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATES PPLD: TRADING UPDATEBA: TRUMP TRADEAAPL: SUPPLY CHAIN BETDHL: NEW PARTNERJBHT: HAVING FUN TO WIN ACROSS THE BOARD JBHT: 'BEING PREPARED FOR THE NEXT UPTICK IN DEMAND' JBHT: BUYBACKS UPDATEJBHT: PEAK SEASON JBHT: PARING SOME LOSSES
The United States’ much-vaunted intermodal network is in an utter mess, according to a pile of testimonies delivered to the Surface Transportation Board, and detailed in this excoriating commentary, Material Handling & Logistics, by logistics consultant David Sparkman. He writes that the “six major freight railroads [in North America] appear to be committing slow-motion suicide”. Shippers are simply fed up with declining service levels, terrible schedule reliability and prices that relentlessly increase, and, in frustration, are using road as the mode of choice. The fault lies with ‘precision scheduled railroading’, which has become the darling of investors seeking to strip out as much cost from rail operations as possible, but which has left many services crippled.
“Today, shippers are turning to trucking to serve their freight transportation needs every chance they get, so they can avoid subjecting themselves to the unreliable service and rate gouging dealt out by rail lines. As a result, even in economic good times, railroad traffic has not kept up with the growth of the rest of the economy, the manufacturing industry, exports and imports and its main competitor – trucking.”
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