This Week in Freight
October 6, 2022
While there are some headlines that claim “no peak season” this year, portending gloom and doom, our data does not support that conclusion. Brokered dry van shipment counts out of the Inland Empire continue at a blistering pace. One might conclude that there is not a pre-season, because we’ve been in one continuous peak season for nearly two years.
With 30K containers waiting more than 9 days to catch a train, rail is not going to come to the rescue anytime soon. BNSF announced a $1.5 Billion dollar project in Barstow, California to address the volume, which means they see it as a long-term change, not just a temporary spike.
With the volume of shipments moving out of the key ports of LA/Long Beach, Savannah, and NY/NJ remaining at very strong levels, there will be no peak season, because we’re peaking 21 months in a row with no end in sight. A period that is 21 months in duration certainly challenges the use of the term “season” to describe it.
What is McLeod MPact?
MPact is a rate analysis tool for McLeod customers. Over 1,000 carriers, brokers, and 3PLs anonymously contribute to this data on a daily basis.