May is a pivotal month for those in the produce freight sector. We transition from produce grown abroad to our larger domestic markets like California.
Approximately 83% of U.S. adults are expected to spend an estimated $28.1 billion celebrating this year’s Mother’s Day, which roughly equals 150,000 truckloads. That's a lot of freight.
The Port of Los Angeles and neighboring Port of Long Beach comprise the San Pedro Bay Port Complex, which handles more containers per ship call than any other port complex in the world.
Typically, the split between contract and spot freight is somewhere in the 85/15 range. Starting in June of last year, spot volumes began to accelerate as a percentage of total volume.
At a time when the U.S. ports are struggling to overcome surging volumes, the grounding of the Ever Given could result in a ripple effect throughout the intermodal and truckload sectors through the summer.
