On this episode of Midday Market Update, Kaylee Nix and Michael Vincent got a deep look at the state of the raw material market and an update on Containergeddon 2.0.
First in headlines, Andrew Cox brought news of acquisitions by FreightWaves and truckstop.com, a proposed acquisition by Canadian Pacific Railway, and another look at the ocean rate crisis as contract season rolls along.
Vincent and Nix welcomed IntelliTrans President Ken Sherman, who discussed the state of raw material shipping right now. Sherman said overall manufacturing indices are showing good recovery and movement toward increased activity.
FreightWaves Lead Economist Anthony Smith supported the assertion of manufacturing recovery, but not without warning of potential downstream inflation effects.
The second guest welcomed was Lori Ann LaRocco, CNBC senior editor of guests and FreightWaves maritime trade columnist. LaRocco put strong emphasis on the expected continuation of port congestion and container shortages, especially on the heels of the third stimulus package.
LaRocco just wrote an article about inequities in COVID-19 vaccine access for seafarers, and she discussed why that could have detrimental effects on boat workers in both commercial shipping and cruise lines.
You can find more Midday Market Update episodes and recaps for all our live podcasts here.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now