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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