Crab cakes and football are being replaced by TEUs and truckloads
Baltimore has been in the freight news because it has been impacted by the surrounding freight markets. Philly, Harrisburg, Elizabeth, and Allentown are all within reach and have strong influences; they’ve been sucking capacity from the Baltimore truckload market at will.
Not for long!
These days Baltimore is controlling its own destiny.
As posted previously, the East Coast ports are gaining market share as imports move from the West Coast ports. The Panama Canal is now reporting a two-week backlog to move west to east. Ports on the East Coast are reporting double-digit growth in TEUs.
Baltimore will now be the primary port on a new service from Yantian, China. Zimm will be running an express service as Baltimore positions itself as an eCommerce port of entry.
The SONAR chart above shows that capacity is getting tighter in Baltimore and it is not because of the surrounding freight bullies!
If you want to avoid the Northeast vacuum and get west, Baltimore looks like a good option right now as its increase in volumes is in long-haul and tweener loads. Lanes of 450 miles and up are the main growth areas.
Freight markets are changing. Stay ahead of the game.
These lengths of haul are also the most rejected so, get yourself paid, grab a crab cake, and head West!
Peace and love