A trucking and rail strategy that boomed during pandemic shocks is heating up again
Publishing timestamp: 2024-03-25 11:25:46
Summary
Transloading, a logistics strategy used during the pandemic, is becoming more popular again as U.S. West Coast ports receive higher container volumes. Companies like CH Robinson, DHL, and Uber Freight are seeing an increase in transloading requests. This shift is expected to benefit transport stocks like Union Pacific, JB Hunt, and Schneider, but the industry is still feeling the effects of recent freight recession. The increase in transloading is driven by U.S. importers dispersing their freight to multiple ports to be more nimble, saving time and money. The trend is also seen in Mexico, with opportunities for cross-border traffic.
Sentiment: NEUTRAL
Tickers: HUBG, CP, ULH, KNX, UBER, UNP, CHRW, JBHT, CP-CA, SNDR,
Keywords: union pacific corp, economy, ch robinson worldwide inc, uber technologies inc, canadian pacific railway ltd, transportation, united states, j.b. hunt transport services inc, houston, trucking, universal truckload services inc, hub group inc, chris, u.s. economy, new york, swift transportation co, canadian pacific kansas city ltd, business news, schneider national inc,