In case you haven’t heard, there is a major hurricane scheduled to hit the Carolinian coasts this week. Hurricanes are one of nature’s most destructive forces that affect large areas. At the height of human technology and knowledge, our cities and infrastructure are still as vulnerable as they were thousands of years ago to these storms. The main difference today, other than our advanced forecasting allowing people enough time to evacuate, is it costs a lot more to rebuild. Freight markets have already started to react to the impending weather event.
Looking at the inbound tender market share (ITMS) values in North Carolina, there are already anomalous decreases in load volumes moving into the area that is forecast to have the largest rain. ITMS measures load volume as a percentage of total loads in the U.S. The relatively stable inbound Greensboro, North Carolina market has averaged 0.77% of the total U.S. load volume since July 1st dropped to 0.63% in anticipation of Florence a few days ago.