This is our latest update on the tightening North American intermodal and drayage market. Because of the importance of this situation, MIQ Logistics has created a dedicated page on our website which can be accessed here. This page will contain carrier updates as well as an archive of industry articles pertaining to the ongoing issues and the contributing factors.
Regional Updates:
The Midwest intermodal market continues to be hampered by chassis shortages and adverse weather.
Many of our regional drayage carriers are reporting significant backlogs on existing orders and are not accepting new business until April. These same carriers also reported chassis shortages across all depots in the Midwest. Many Chicago rail terminals have been grounding containers due to these chassis shortages. Additionally, chassis providers are requiring drayage carriers to pick up equipment from remote locations resulting in additional chassis splits, mileage and wait times.
In addition to chassis shortages, the following factors are contributing to delivery delays:
- Inbound Container Volume
- ELD (Electronic Logging Device) Mandate
- Driver Shortage
- Winter Weather
These factors create market volatility and increased rates. MIQ Logistics will continue to monitor regional conditions; work closely with our drayage partners to secure necessary capacity and avoid delays; and, mitigate inevitable price increases.
For more information, please contact your local MIQ Logistics representative