Los Angeles and its terminal operator tenants are offering up to $300,000 per truck for drayage operators purchasing at least 10 battery-electric vehicles.
There’s little to no sign truckload rate hikes are slowing post-July 4, as tight capacity keeps pricing elevated headed into what’s typically a slower season.
The carrier called the move ‘a structural change’ but said contingency plans included a return to Africa transits should the security situation deteriorate.
With fresh capacity landing on the West Coast, sources say spot rates could start to soften after a four-month bull run driven by cargo frontloading and higher bunker fuel prices.
