- A rail strike is back on the table as union rejects Biden-mediated proposal.
- Falling water levels in the Ohio and Mississippi Rivers pose a threat to shipping.
- The United States announced new restrictions on semiconductor exports to China.
- US imports fell 11% year-over-year in September according to Descartes data.
Container rates pushed lower with the composite rate blowing past $4,000 to $3,689 as of October 6.
Truckstop.com has not updated their indices since the prior week. That said, trucking rates have continued to slide but rising fuel costs and the threat of a rail strike could pose a threat.
Demand, likewise, has slid back toward normal levels.
Our aggregate of most-watched metrics fell to .21 standard deviations above average in September.