Chemical Shippers — and the transportation and logistics providers that serve them — have been on a wild ride during the past few years.
The 2009 recession sparked precipitous drops in shipment volumes. Then, when the economy began to pick up in 2010, volume surged again, wreaking havoc on capacity availability. So far in 2011, the state of the market seems to be a state of confusion. This one-two punch of volatility and uncertainty has created some interesting business challenges.
“The industry just experienced a few very unusual years,” says Glenn Riggs, senior vice president, North American logistics for Odyssey Logistics, a Danbury, Conn.-based asset-neutral multimodal chemical logistics provider. Read more.