Loading…
A Memphis freight broker said freight rates have risen eightfold, driven by port backlogs at Los Angeles, a shortage of trucks and drivers, and surging imports. The article adds the closed Interstate 40 bridge over the Mississippi, the Colonial pipeline shutdown, and the Ever Given blockage to the list of supply chain disruptions.
The broker described the bridge closure as one of many problems for shippers.
Rising freight costs add to the landed cost of feed ingredients and finished goods. The Mississippi closure compounds a broad supply chain squeeze.
eu.commercialappeal.comTed EvanoffMay 27, 2021Not 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.
