Equipment shortages driving up rail freight rates in US as UP bookings surge

July 6, 2020 Alex Lennane

The peak season appears to have come early this year for rail shippers in southern California,
Spot rates for bookings on Union Pacific (UP) surged as much as 40% as customers scrambled for containers and open slots on trains.
According to one source, the shortage of containers has been at a level usually seen at the height of a peak season.
In an announcement to customers on 30 June, Kenny Rocker, UP’s executive ...

The post Equipment shortages driving up rail freight rates in US as UP bookings surge appeared first on The Loadstar.

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