Truckload Capacity Index Rises as Major US Carriers Reallocate Assets
The truckload capacity index has seen an increase, attributed to large US carriers reorganizing their assets. This shift has been influenced by reductions in traditional one-way services, which have been offset by the addition of capacity within dedicated and specialized fleets. In other news, shipping has largely bypassed the Middle East following strikes by the US and Israel on Iran, with the US establishing a maritime warning zone and airlines suspending flights. Separately, a federal court dismissed a complaint from the International Longshoremen’s Association (ILA) regarding Virginia rail cranes, ruling that while a contract may have been violated, national labor law was not. CMA CGM is also set to launch a new express service between Japan and Europe in April, and Gemini partners have announced a revamp of certain Asia services to Europe and the Mediterranean.