Freight rates at Mother Nature’s mercy

Land Line Now

LLN (8/25/21) – The markets are often at the mercy of Mother Nature, and this past week was no different. Severe weather out east and extreme heat out west are having an effect on freight rates. We’ll review what’s happened and what’s expected to happen in the markets. Also, who should pay the cost for a load that’s damaged? Federal law contains some instructions on the topic, but in reality, it’s the contracts between brokers and carriers that ends up deciding the question. And the U.S. House is finally moving ahead on both the bipartisan infrastructure bill and the annual federal budget. However, that doesn’t mean it’s all a done deal.

0:00 – Newscast.

10:14 – Damaged freight, contracts and brokers.

25:03 – Mother Nature and the markets.

39:58 – Infrastructure, budget move ahead.