Posted on 07/16/2021 12:18:44 PM PDT by dynachrome
Union Pacific is temporarily suspending eastbound service from West Coast port terminals to its Global IV intermodal facility in Chicago to help ease “significant congestion” at inland terminals, especially Chicago, and at the ports. The suspension is aimed at helping ocean carriers reduce backlogs.
UP (NYSE: UNP) hopes this suspension, which will start on Sunday and last for about seven days, will not only help relieve port backlogs for Chicago-bound container traffic but also ultimately help address backlogs for containers destined to other markets.
The suspension applies to UP-served terminals at the ports of Los Angeles, Long Beach and Oakland, California, and Tacoma, Washington.
FreightWaves has been told that the suspension reportedly entails customers shipping IPI 20-foot or 40-foot equipment, not customers using domestic 53-foot equipment.
(Excerpt) Read more at freightwaves.com ...
What a great idea!
Why? Not enough containers to contain things? How temporary is this?
Wait, what? Stopping eastbound service from West Coast terminals is supposed to ease congestion with ocean carriers?
Seems to me that containers piling up at West Coast ports would mean that additional ships would be unable to offload, making the ocean carriers even more congested.
Yeah, I don’t get it either.
Eastbound and down?......................
You would think that an alternative intermodal terminal would be built in, say, Memphis, Kansas City or St. Louis to compete with Chicago. But, so far, it has never gotten past the talk stages.
More trains would seem to be the answer.
I suppose the problem is that no one wants to work in Chicago, or those who do want to, can't pass drug and background tests. Security is serious business at freight terminals. It's no longer a bunch of louts showing up at "shape up" time, and being hired for the day.
BNSF still to be rolling?
Sounds right. And is there more inventory “shrinkage” in sh*tcongo compared to elsewhere or is it about the same?
“Why? Not enough containers to contain things? How temporary is this?”
For a variety of reasons of every ten containers that arrive in American ports, only four to six are shipped out again. The remainder are causing a huge storage and handling problem. The containers can’t be shipped back empty because the ports don’t have the handling capacity to unload full containers and reload empty containers. The containers, which cost only a few thousand dollars, are essentially, disposable. Except, they are bulky and difficult to move without the right equipment. The equipment that does move them is fully used on full containers. There is no money in moving, handling, storing or reusing old containers. Hence all those articles on using old containers for housing. Again, the problem is moving them.
And the midwest can stop shipments of food to the west coast.
Prepping full steam ahead.
It’s the left.
Whatever passes for thought processes and logic and reasoning to them comes from an alternate dimension.
Doesn’t make sense, the same number of ships coming in but fewer trains to move the containers. I wonder if their is some other reason they don’t want to mention.
This has nothing to with the article, but I’m bored.
Union Pacific stock was trading between $266-269 1/8 on July 16,1929. It high for the year was $271(it would go higher)
Source: Time Union newspaper Brooklyn, NY.
UP stock today $218.65 (last time I looked.)
If I “bought and held.”
Did I make money?
Can’t “they” put some rechargeable batteries in them [maybe add some vestigial legs] to make them sustainable, green and self mobile?
Theoretically, there should be no inventory shrinkage because the containers are shipper sealed and are in a guarded terminal. Fedzilla makes sure of this because shrinkage could reduce the duties that they collect and much of the customs clearance work is at a terminal near the destination. Sort of like the George Soros mansion near the city of New York.
That is interesting.
As in “get ready for some shortages” interesting.
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