Freight rates to force scrap offshore
Dec 14, 2012 | 08:50 AM
NEW YORK Nonferrous scrap metals recyclers are bracing for even higher trucking freight rates in 2013, with one California-based recycler predicting that it will force more scrap from his state into the export market.
Truck freight rates could increase as much as 7 percent in 2013, primarily due to latent infrastructure shortages caused by the global economic downturn, OmniSource Corp. logistics and transportation resources manager Phil Bedwell told AMM.
When the big one hit in 2008 through 2010/2011, a lot of small carriers got out of the business or sold off surplus equipment, causing an equipment shortage with both power units and trailers, he said. Second, when the Department of Transportation put the new driver rules into effect this eliminated a lot of drivers, and so now we have a driver shortage. ....
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