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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 & Senior Consultant
FTR Associates and President
Gross Transportation Consulting

Lawrence J. Gross is a senior consultant and partner at FTR, a leading forecaster of freight transportation trends, as well as president of Gross Transportation Consulting, an independent consulting firm specializing in intermodal issues. He is a 34-¬year veteran of the transportation industry with experience in the truck trailer, railcar and intermodal equipment segments. He is the principal author of the FTR Intermodal Update, a monthly in-depth publication tracking current North American intermodal trends, and Rail Update covering the rail carload sector, and contributes to FTR Publications covering the trucking and truck equipment sectors. He has been involved in a variety of transportation-related projects, including intermodal work in South Africa and India. Larry serves on board of Calgary-based Raildecks and writes a monthly column in The Journal of Commerce called Land Lines. Prior to entering the consulting world in 2003, he held senior marketing positions at Wabash National and led the RoadRailer intermodal technology effort for many years. He is a graduate of MIT and the Harvard Business School and currently divides his time between Mahwah, New Jersey, and Durango, Colorado.

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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