28 Oct 2024

Watch Out! Rejection Rates Rise Above 5% Just Before Peak Shipping Season!

As mid-October progresses, seasonal patterns indicating a dip in volume have become apparent, albeit slightly later than usual. This delay can be attributed to three disruptions earlier in the month that provided a temporary uptick in freight demand. Historically, mid-November marks the beginning of increased demand as we approach the holiday season, and this year […]

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28 Oct 2024

Air Cargo Follows the Money: Capacity Shifts Ahead of Holiday Rush

As China’s Golden Week holiday disruptions wind down, airlines are shifting more capacity to high-demand routes between Asia Pacific and North America, preparing for the busy Christmas season. According to the U.S. National Retail Federation (NRF), holiday consumer spending is projected to increase by 2.5% to 3.5% over last year, with e-commerce expected to grow […]

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23 Oct 2024

Global Trade Feels the Shockwaves from ILA Strike, Analysts Warn

The recent three-day strike by dockworkers at East and Gulf coast ports may have ended quickly, but its effects will be felt in global trade for weeks to come. Lars Jensen, CEO of Vespucci Maritime and container shipping analyst for the Journal of Commerce, warned Thursday that shippers should brace for a delayed reduction in […]

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21 Oct 2024

Rail Delays Soar as LA-LB Ports Hit Record Import Highs in September

  In September, rail container dwell times at the ports of Los Angeles and Long Beach hit their highest levels in two years as the ports experienced a surge in import volumes from Asia. This spike is partially attributed to retailers redirecting cargo from the East and Gulf coasts due to a looming longshore strike. […]

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18 Oct 2024

Global Ripple Effects of ILA Strike

    The recent three-day strike by dockworkers at East and Gulf Coast ports is set to cause a delayed reduction in capacity on certain trade lanes and may impact cargo frontloading ahead of a possible work stoppage in January, according to container shipping analyst Lars Jensen. Although the strike lasted only from October 1-3, […]

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08 Oct 2024

Hurricane Double Blow Shakes US Trucking Market, Driving Spot Rates Higher

Truckload spot rates across the southeastern U.S. are rising sharply in response to back-to-back hurricanes. After Hurricane Helene ravaged parts of Florida to North Carolina, the trucking market experienced significant disruption. Now, as Hurricane Milton approaches the Gulf Coast of Florida, spot rates are climbing even higher. Last week saw nationwide increases in spot rates […]

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04 Oct 2024

Ports Reopen: ILA End Strike with Wage Offer, Contract Extension.

  After weeks of contentious negotiations, maritime employers and the International Longshoremen’s Association (ILA) have reached a tentative deal to reopen container terminals at East and Gulf coast ports. The agreement includes a substantial wage increase for dockworkers and a three-month contract extension while formal negotiations continue. The breakthrough, announced Thursday evening, comes after the […]

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01 Oct 2024

East Coast Port Strike Begins, Sparking Fears of Shortages and Price Increases

As of 12:01 A.M., October 1st, 2024, the long-anticipated strike by the ILA (the International Longshoremen’s Association) has officially begun, leading to a complete shutdown of all U.S. East and Gulf Coast ports until further notice. This development means that no cargo can move in or out of these ports. Our sources indicate that the […]

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