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Railway Age

January 18, 2023

By Marybeth Luczak

Reno, Nev.-based ITS Logistics issues the January forecast for its U.S. Port/Rail Ramp Freight Index. Also, the South Carolina Ports Authority approves $100 million-plus in contracts for its new intermodal facility in North Charleston.

The January forecast for the ITS Logistics U.S. Port/Rail Ramp Freight Index reflects “a muted increase in inbound volumes due to the Lunar New Year, with a slight increase in container volumes,” according to the third-party logistics (3PL) firm, which provides port and rail drayage services in 22 coastal ports and 30 rail ramps throughout North America. “There is also cause for concern with inland ocean chassis at the rail ramps, as rail operations could be impacted by a lack of ocean chassis availability.”

The ITS Logistics US Port/Rail Ramp Freight Index forecasts port container and dray operations for the Pacific, Atlantic and Gulf regions. Ocean and domestic container rail ramp operations are also highlighted in the index for both the West Inland and East Inland regions.

Read the full article here.