Fall Brings Mixed Blessings

by Tom Moore on Nov 15, 2021 7:00:00 PM

Trucking…Ocean…Package

Trucking:

Driver shortfall: 80,000
Parts shortage is forcing some carriers to cannibalize some trucks to get other vehicles running
LTL carrier Old Dominion getting 10.1% more per cwt this year than last – and that excludes the impact of fuel

Ocean:

Trans-Pacific container “Spot prices” fell 25% last week
Too few clean fuels: Supplies of methanol and ammonia – two cleaner-burning alternatives to bunker oil – are too limited to power the world’s 60,000 oceangoing vessels

Package:

The U.S. Postal Service lost nearly $5 billion in the year ending Sept. 30, as revenue rose 5.3% and package volume increased 3.5%. (Reuters)

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