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0 -0.000535236396074953 -8.92060660125767E-05 -0.000892060660124922 -0.00356824264049952 -0.00193279809693719 0.00148676776687481 0.00208147487362471
Stock impact report

Trucking capacity crunch draws shippers to intermodal [Yahoo! Finance]

C.H. Robinson Worldwide, Inc. (CHRW) 
Last c.h. robinson worldwide, inc. earnings: 4/28 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.chrobinson.com
Company Research Source: Yahoo! Finance
Dive Brief: Intermodal shippers have been able to lock in lower rates as the trucking market faces rate and capacity pressure, according to Uber Freight's Q1 Market Update Report Fueled primarily by stricter federal industry oversight, capacity has tightened for over-the-road and long-haul trucking, while intermodal capacity is plentiful, an Uber Freight representative told Supply Chain Dive in an email. Meanwhile, trucking spot rates are up 25% year over year, per the report. “Intermodal rates tend to lag OTR rates by 6-12 months, but they will start to increase as well. So now would be a good time to secure Intermodal capacity at the lower rates,” the representative said. In its report, Uber Freight said it expects intermodal pricing to rise between 3% and 5% by the end of the year. Dive Insight: Current market conditions are creating opportunities for shippers to lean toward intermodal transport instead of trucking. Both less-than-truckload and full truckload services Show less Read more
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