Rail container dwell times at the ports of Los Angeles and Long Beach reached their highest levels in two years last month and are expected to stay elevated through January. This surge is driven by higher-than-usual import volumes, partially due to cargo diversions from the East and Gulf Coasts. In October, containers destined for rail […]
Read MoreThe 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 […]
Read MoreIn 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. […]
Read MoreTruckload 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 […]
Read MoreThe Red Sea disruption to container shipping remains uncertain in terms of duration, according to Drewry Maritime Research. The anticipation is that carriers might not resume Suez Canal transits until the elimination of the risk of attack, a process expected to take months rather than weeks. Despite this, Drewry’s analysis suggests that the impact on […]
Read MoreDouble Trouble: Global supply chains are bracing for a potential “milder version” of the pandemic’s crisis due to disruptions at both the Suez and Panama Canals. Attacks by Houthi militants in the Red Sea have forced shipping companies to reroute vessels, adding 7-10 days to voyages and potentially doubling ocean freight prices. Meanwhile, drought-induced […]
Read MoreTruckers lost $94.6 billion to congestion in 2021, up from $74.5 billion in 2016, according to a new report by the American Transportation Research Institute (ATRI). The report found that congestion costs the trucking industry in a number of ways, including: Increased driver compensation Higher fuel costs Increased repair and maintenance costs Supply chain disruptions […]
Read MoreA potential strike that could have had adverse effects on the demand for industrial warehouses in North America’s thriving commercial property sector seems to have been avoided with a tentative agreement between union dockworkers and West Coast port operators. Late Wednesday, the Pacific Maritime Association and the International Longshore and Warehouse Union announced that they […]
Read MoreAs the bustling summer season kicks off, labor disputes have disrupted the flow of shipping in the United States. Members of the International Longshore and Warehouse Union have staged protests, resulting in congestion and delays at U.S. West Coast ports, as reported by CNBC. The average wait times for container vessels attempting to enter Los […]
Read MoreWASHINGTON/LOS ANGELES, June 5 (Reuters) – Major retailers and manufacturers are urging the White House to step in and mediate the labor negotiations at West Coast ports, expressing concerns about potential disruptions to shipping during crucial holiday shopping seasons. This call comes after the closure of the largest terminal at the Port of Long Beach […]
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