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John Paul Hampstead Monday, June 18, 2018

Hotlanta is popping off

Turndowns and spot rates are surging out of Atlanta on strong container volumes from Savannah and Georgia onion harvests. Capacity is so tight nationwide that even small movements in demand are having outsize effects on tender rejections and prices.

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John Paul Hampstead Monday, June 18, 2018

Today’s Pickup: oil boom & tax cuts driving U.S. industrial expansion

Donald Broughton says that the oil boom and Trump tax cuts are driving a young industrial expansion cycle; shippers continue to adjust supply chains to minimize transport costs; Google invests $550M in Chinese e-commerce site JD.com; China may put a tariff on US oil imports; Brazil’s trucker strike shattered economic growth outlooks; Asia-North America container rates are softening.

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