Union Pacific Faces Tennessee Tension as Chassis Run Low — Panjiva


Union Pacific Faces Tennessee Tension as Chassis Run Low

Corp - Forwarders 157 Mode - Containerized 1006 Mode - Rail 66 U.S. 3306

Union Pacific’s railroad hub in Memphis, Tn. has congestion issues due to a shortage of truck chassis for onward shipments. U.S. seaborne imports destined for the 200km radius around Memphis only increased 5.0% in 4Q 2018, suggesting Union Pacific’s challenges relate more to shipments destined for and from elsewhere in the country. The forwarders that have seen the fastest rate of growth in seaborne traffic heading to the region, and so may face challenges in ensuring effective deliveries, include K+N – with 34.3% year over year growth – and Honour Lane which grew 28.7%.

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.