Twenty-twenty-one was clearly an inflection point for international trade and transportation. It is clear that the year 2021 was like no other.
Call it a sell off, an industry consolidation or simply a pay day for trucking companies surviving COVID-19, the end result is the trucking landscape is being reshaped and reshaped quickly.
Cold storage space is at a premium in North America and there is little sign of a let up.
Damage Done. When COVID-19 hit Latin America and the Caribbean in 2020, the region was already reeling with economic and political uncertainty threatening in some fashion nearly every nation from Mexico to Argentina.
In the past twelve months, prices for lumber and forest products hit a historic high and then pricing crashed. What’s next?
It’s almost exactly 11 years since the “Heartland Corridor” opened for business, providing an intermodal link from the Port of Norfolk, Virginia to, as the name implies, the U.S. Midwest “Heartland” with Chicago as the nominal end point.
On August 31st, the U.S. Surface Transportation Board (STB) rejected the “voting trust” proposed by the Canadian National Railway (CN) in its pursuit to procure Kansas City Southern (KCS) rail.
Under the slogan “One Country Two Systems,” Hong Kong enjoyed more economic freedom than any nation in the world.
There have been very few years in which global container throughput – TEUs handled by containerports – has failed to grow…that is until the COVID-19 pandemic shutdown global economies.
Make no mistake about it. The chassis business is tough. Keeping a chassis available and knowing where the chassis is (and has been) and what it will be doing next is difficult to track. Making sure that it is road-worthy requires constant care and attention to detail and doing that all cost effectively is challenging. That’s where CIT comes in.
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