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Kansas City Southern de Mexico railroad locomotive parked in Forth Worth, Texas on May 11, 2017. ( Photo: Paul Brady / Shutterstock ) [/caption]
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Transpacific container rates keep gaining momentum—the Freightos Baltic indices surged again this week after reports that cargo was being rolled on those services. The major ocean alliances have cut capacity from transpacific lanes in an attempt to restore pricing power, and now many vessels are running completely full. Still, Chicago is one of the only major freight markets in the country showing signs of life. While Chicago’s outbound turndowns are still moving sideways, each subsequent bottom is higher than the previous, indicating bullish momentum for that market and trucking demand.
Did you know?
UPS plans to add 3D printing to its Field Stocking Locations in Singapore, Germany, England, and Dubai by the end of 2019.
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