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Peak-Season Outlook: Container Shipping and Intermodal

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Start Date:7/28/2016

Start Time:1:00 PM CT / 2:00 PM ET

Duration:75 minutes

Abstract:

It’s becoming increasingly clear that, without a dramatic jump in demand and a decrease in capacity, container lines can expect to limp through the next couple of years with little chance of making a profit. The fundamentals are all wrong. Demand for global container shipping this year is expected to increase barely 1 percent, with capacity growing 6 percent. Not only is capacity outstripping demand, but the vessels entering the market are ever larger as carriers search for lower unit costs, even as they come under siege from record low freight rates. On the land side, intermodal rail is winning back market share from trucking as rail service that bombed out two years ago has recovered in a big way. Many analysts, however, attribute that to weak freight demand reflected in declining rates and FTR Associates’ expectations for a scant 0.2 percent uptick in North American intermodal volumes this year. Yet FTR expects peak-season volume to rally, leading to greater growth in 2017. This live, 75-minute webcast will analyze the outlook for the summer-fall peak shipping seasons for the containerized shipping and intermodal rail markets.

Speakers

Lawrence J. Gross

Partner and Senior Consultant, FTR Associates
and President, Gross Transportation Consulting

 

Larry Gross is a 36-year veteran of the freight transportation sector. He is president of Gross Transportation Consulting of Durango, Colorado, an independent consulting practice specializing in freight transportation matters, and a partner and senior consultant at FTR Transportation Intelligence, a leading freight transportation research and forecasting firm. He is the principal author of the monthly FTR publications “Intermodal Update” and “Rail Update” as well as “Land Lines,” a monthly column in The Journal of Commerce. Gross is an acknowledged expert on intermodal matters who makes frequent appearances before the transportation community. He has played a key role in the creation of educational content at the IANA Intermodal Expo for a number of years. Gross enjoys teaching and has authored a number of business case studies dealing with intermodal topics. He is the executive most closely associated with the RoadRailer intermodal system, having worked with the product since its inception in 1980.

Mario O. Moreno

Senior Economist, IHS Maritime & Trade

Mario O. Moreno is senior economist with PIERS and The Journal of Commerce. Prior to joining JOC he worked for independent research firm Dealogic as a fixed-income analyst and prior to that as a financial consultant for RBC Wealth Management. In his current role, Mario is lead researcher and writer for the quarterly JOC Container Forecast, the quarterly JOC Port Forecast, and the monthly JOC Insights, a multimodal, data-driven analytical newsletter. These duties combine with his special interest in forecast developing. Mario regularly speaks to industry groups on his areas of expertise.

Mark Szakonyi

Moderator
Executive Editor, JOC.com
IHS Maritime & Trade

As executive editor of JOC.com, Mark Szakonyi leads the JOC reporting team from Washington, D.C. His interests and coverage range widely, from global maritime regulation to import sourcing migration. Before joining the JOC in 2011, he reported on logistics in Jacksonville, Florida, and at various daily newspapers across the country, where he covered local business, politics, and crime. A Chicago native, he speaks regularly to industry groups, and is instrumental in development of JOC Events programming. His analysis and work have been quoted in mainstream news media including the BBC, The Economist, PBS Nightly Business Report, NPR, Al Jazeera International, the South China Morning Post and USA Today.


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