{"id":52517,"date":"2020-04-15T09:54:02","date_gmt":"2020-04-15T14:54:02","guid":{"rendered":"https:\/\/olduvai.ca\/?p=52517"},"modified":"2020-04-15T09:54:06","modified_gmt":"2020-04-15T14:54:06","slug":"from-panic-buying-to-lockdowns-of-eateries-manufacturing-truckers-railroads-face-supply-chain-turmoil-spikes-plunges","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=52517","title":{"rendered":"From Panic-Buying to Lockdowns of Eateries &#038; Manufacturing: Truckers, Railroads Face Supply Chain Turmoil, Spikes &#038; Plunges"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/wolfstreet.com\/2020\/04\/14\/from-panic-buying-to-lockdowns-of-restaurants-manufacturing-truckers-railroads-face-supply-chain-turmoil-with-spikes-plunges\/\">From Panic-Buying to Lockdowns of Eateries &amp; Manufacturing: Truckers, Railroads Face Supply Chain Turmoil, Spikes &amp; Plunges<\/a><\/h3>\n\n\n\n<p><strong>\u201cThere has been a clear divide between winners and losers.\u201d<\/strong><\/p>\n\n\n\n<p>Panic buying in late February and March was followed by a sudden shift in consumption in mid-March away from restaurants, schools, college campuses, office buildings, other work locations to supermarkets, warehouse clubs, and ecommerce. For weeks, brick-and-mortar retail supply chains failed to keep up, and bare shelves in some product categories became a common sight. But the supply chains at the other end of the spectrum ground to a halt, stuck with goods that had no place to go.<\/p>\n\n\n\n<p>This divergence has shown up in the trucking business. March was busy for truckers hauling dry-van trailers and refrigerated trailers (reefers). The Van Load-to-Truck ratio in the spot market surged by 56% from February and by 84% from March last year, according to&nbsp;<a href=\"https:\/\/www.dat.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">DAT Trendlines<\/a>. The Reefer Load-to-Truck ratio surged by 45% from February and by 91% from March last year.<\/p>\n\n\n\n<p>But in April so far, all this has unwound. In the week ending April 12, the Van Load-to-Truck ratio plunged 44% from a week earlier. For the past two weeks, \u201cVan spot freight volumes lost 20%,\u201d DAT reported, \u201cand national average rates lost 8\u00a2 per mile, to $1.78, reflecting declines all over the country.\u201d<\/p>\n\n\n\n<p>\u201cReefer trends weren\u2019t much better,\u201d DAT said. The Reefer Load-to-Truck ratio plunged 42% over the week ended April 12, compared to a week earlier. \u201cIt\u2019s been an up-and-down kind of market for reefer equipment,\u201d DAT said in a&nbsp;<a href=\"https:\/\/www.dat.com\/blog\/post\/reefer-volumes-level-off-but-rate-trends-are-mixed\" target=\"_blank\" rel=\"noreferrer noopener\">blog post<\/a>&nbsp;on April 9. \u201cWe\u2019re not talking about a gentle rise and fall \u2013 more like a giant roller coaster.\u201d<\/p>\n\n\n\n<p>But it\u2019s a very dynamic market, with reefers getting switched from the shut-down food services industry (such as restaurants and schools), to haul produce for the grocery supply chain:<\/p>\n\n\n\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Panic-Buying to Lockdowns of Eateries &amp; Manufacturing: Truckers, Railroads Face Supply Chain Turmoil, Spikes &amp; Plunges \u201cThere has been a clear divide between winners and losers.\u201d Panic buying in late February and March was followed by a sudden shift in consumption in mid-March away from restaurants, schools, college campuses, office buildings, other work locations [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[2144,29449,3237,4254,4255],"class_list":["post-52517","post","type-post","status-publish","format-standard","hentry","category-economics","tag-lockdown","tag-panic-buying-2","tag-supply-chains","tag-wolf-richter","tag-wolfstreet"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52517"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52517\/revisions"}],"predecessor-version":[{"id":52518,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52517\/revisions\/52518"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}