Logistics news, road closures, pro freight tips, stats to impress your boss. Let us know what you’d like to see here!
The CMA CGM Jacques Saade is a 23,000 TEU container ship built in 2020; 1 of 9 in the class bearing its name. These LNG powered megaships can more efficiently do a 43,000 km+ trip between China and Europe more efficiently. Learn more.
News Bits
Strike! (very likely) – Teamsters call for July 24th work stoppage after cash-starved Yellow misses benefits payments. Frieghtwaves
Strike! (is over) – ILWU and MEU reach deal, BC ports reopen for business 63,000 containers behind. Trucknews
Strike! (seems to be a theme) – UPS and Teamsters finger-pointing fit for WWE, not a 24 million package per day operation. LinkedIn News
Courtesy of DAT Trendlines
The downward trend in freight rates is slowing, stabilizing. Have we seen bottom?
Our Thoughts
The 2023 Freight Recession
Yikes. The media is throwing down serious hyperbole in describing the truckload freight recession, and it is real, particularly on the US side.
Freightwaves: Bloodbath: Trucking Fleets Dipped by nearly 9,000 in 3 months
The silver lining here is that shippers can still take advantage of some of the lowest trucking rates since 2018. Contact Bullwhip and find out how to make this easy.
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All the Best,
Phil Redekopp, Owner
On behalf of the Bullwhip Team
