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NTG's October 2020 drayage update says U.S. import volumes are elevated by rescheduled sailings and holiday restocking. Air freight limits pushed shippers toward drayage, and NTG reports a 26% rise in daily average drayage volume from September to October.
Tight drayage capacity and higher rates raise domestic container transport costs. This is a trucking and port story with no direct effect on feed grain or protein prices.
ntgfreight.comNathan CrockerOct 23, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
