I-75 South in Pasco closed after trucks crash

Update: Due to the damage to the road, the southbound lanes are expected to remain closed until at least 6 p.m., troopers said. Asphalt must be replaced.

Southbound traffic on Interstate 75 in Pasco County is shut down this morning after a fiery crash involving a semitrailer and dump truck near State Road 56.

Neither driver was injured, troopers said.

Southbound lanes are expected to remain closed until noon, troopers said.

Motorists will be diverted onto State Road 54 (exit 279). Traffic south of that exit and north of the crash will be diverted back to State Road 54 or southbound on the shoulder to State 56 to exit.

Other motorists should avoid roads in the area.

The Florida Highway Patrol said the crash occurred about 6:30 a.m.

According to investigators, the tractor-trailer was traveling south in the outside lane of I-75 in a construction zone, where it collided with a crash attenuator, troopers said.

The collision caused the truck to partially jackknife and collide with the center median guardrail, troopers said.

The dump truck, traveling behind the tractor-trailer, was unable to stop or avoid a collision, striking the rear of the tractor-trailer, troopers said.

Both drivers were able to exit their vehicles before a fire erupted on the tractor-trailer.

The tractor-trailer, operated by Pat Salmon & Sons of Jacksonville, was transporting mail, troopers said.
 

Carriers Failing to Match Capacity

Despite attempts by carriers to pull capacity from east-west trade routes, significantly weaker cargo volumes have limited the success of their attempts to lift freight rates for any sustainable periods, according to Drewry Maritime Research's latest Container Forecaster report.

Since the huge overnight success of the March 2012 general rate increases (GRI) implemented by shipping lines to bring rate levels back above break-even, there have been a further seven attempts to lift rates – equating to a total of around $2,800-$3,000 per FEU on the Asia-to-North Europe trade. During this period, average headhaul freight rates have actually declined from about $2,700 in early March to $2,400 as of early January 2013.

While this is not a disaster for the carriers, it proves that there is a fundamental weakness in the market compounded by low volumes on the back of a non-existent peak season last year. Coupled with a marked reluctance by carriers to pull enough capacity, particularly in the Asia-Mediterranean trade, average headhaul load factors have remained in the 75-percent to 85-percent range for most of the second half of 2012 and the strategy of missing sailings has proved to be insufficient to lift freight rates for any sustainable period. With another 40 ships of at least 10,000 TEU due for delivery this year, carriers will have a very difficult time deploying them without doing further damage to the supply/demand balance. Operational alliances across virtually all global trade lanes will certainly increase.

Read more here.