The market is showing signs of normalization, but pricing for customers will continue “gravitating higher throughout the course of the year,” CEO Bob Biesterfeld said.
Traditional commodities, such as coal, saw volume slump on the rail lines in 2020, but intermodal grew thanks to a tight trucking market and a glut of containers needing to move.
In a world where parcel carriers choose which volume they carry, some shippers will win capacity and some will lose. Skill and investment will determine the winners.
Carriers have held off on the blank sailings that usually happen around Lunar New Year, but one forwarder suggested booking loads for spring now as capacity is strained.