Week of 10/14: The Rundown by Rygen

Your lightning fast review of recent supply chain events

Gas Shortage After Hurricane Milton?The weekend after Hurricane Milton, there was a significant fuel shortage in the state of Floridia. Governor Ron DeSantis announced that the state has already opened three fuel distribution sites, with plans to open more. This will allow residents of Florida to get 10 gallons of gas each, free of charge. Read more...?

Strike Surcharges Drop?Ocean carriers have removed the ad hoc surcharges tied to the brief longshore strike that occured along the US East and Gulf coasts. This further drive down already declining freight rates. Read more...?

Rising Rejection Rates?Freight demand surged in some markets due to Hurricane Milton, while the largest freight markets, including Atlanta, Dallas, and Harrisburg, PA remained low. Read more...?

Is the freight recession nearing an end? Some industry analysts are optimistic that the tide will soon turn, but the mixed news about the economy has others more cautious in their expectations. Weaker employment and wage growth as well as the likelihood of a larger and earlier Fed rate cut amid ongoing inflation make predictions for one market sector like trucking difficult. Read more...?