With all the talk of the impact from Hurricane Florence as she comes ashore, likely in the Wilmington, NC, area on Thursday, much of the impact will take place for days and even weeks after the storm is long gone.
Hurricane season brings an increased risk to transportation energy in the United States, both from a supply and price perspective. FreightWaves spoke with Brett Wetzel, senior manager of applied knowledge for Breakthrough to understand the broader impact of Hurricane Florence.
Retail sales rebounded in March after declining in each of the previous three months. This rebound is a return to normal for the retail sector after some volatility in spending following the hurricane season.
Used truck prices strengthen; trailer orders go crazy; Arizona suspends Uber self-driving; Canadian National trades at 52-week lows; aftermath of Harvey still affects Houston tanker traffic; Philadelphia freight market is heating up.
According to the latest blog post from FTR written by Steve Graham, the effect of Hurricanes Harvey and Irma is now starting to show up in national economic data.
For the second time in just over a month, Canada’s TFI International has chipped to help the relief and rescue efforts of those devastated by a hurricane in the U.S.
A natural disaster can rarely be called a benefit, but there are positives for the transportation industry and its investors from the double hit the nation took from Hurricanes Harvey and Irma. From higher stock prices to higher rates, trucking may be poised to reap many benefits from the storms.
As most of the nation turns its attention to Hurricane Irma, people in Texas continue to recover from the devastation left by Hurricane Harvey at the end of August. True to its nature, the trucking industry has been there to help.
FEMA disaster relief logistics highlights the need for blockchain implementation. Blockchain is an emerging technology that promises to bring transparency and visibility to transactions.
Grain supplies have been trending up in the U.S. as prices have remained relatively stable, causing farmers to hold onto their crops longer hoping for a boost in prices. Hurricane Harvey, though, is making the situation worse as grain exports have nearly stopped.
Just as the nation recovers from Hurricane Harvey, there is another tropical system brewing that has the potential to impact the U.S.
A major pipeline supplying diesel fuel from Texas to the East Coast has had to be shut down with no indication of when it will be turned back on.
Harvey is the kerosene to accelerate the trends towards a major capacity crunch in the truckload industry. With as much as ten percent of capacity being impacted, combined with surpluss demand coming from relief and rebuilding- the truckload market capacity is expected to be super tight
As Texans come to grip with the impact of Harvey on their lives- we examine the impact of the storm on the freight markets. Harvey relief demand is expected to be enormous and will likely dwarf the truckloads sent to help in Katrina efforts.
While recovery efforts are still ongoing in many areas, the nation as a whole is about to feel the impact of Hurricane Harvey through increased fuel prices.
Even as the industry steps up to help, dedicating thousands of trucks and millions of cubic feet of capacity to relief efforts, an analysis from FTR says that approximately 7% of the industry has been affected already and some of that will be affected for weeks.
