# I-40 bridge adds to 'freight tsunami' raising prices; Memphis tech firm sees solution | Evanoff

> 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.

- Date: 2021-05-27 · published 2021-05-27T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/47307-i-40-bridge-adds-to-freight-tsunami-raising-prices-memphis-tech-firm-sees
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Rising freight costs add to the landed cost of feed ingredients and finished goods. The Mississippi closure compounds a broad supply chain squeeze.

## Read by commodity

- BARGE: bullish ▲

## Sources

- eu.commercialappeal.com: https://eu.commercialappeal.com/story/money/columnists/ted-evanoff/2021/05/27/i-40-bridge-closure-in-memphis-freight-cargo-moving-issues-straightline/5134898001/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.