31 May 2023

Airfreight Rates Suffer from Decreased Demand and Increased Belly Capacity

The month of May brought further challenges for airfreight rates as a combination of weak demand and a steady influx of returning belly capacity continued to impact the industry. Experts anticipate that this pressure on rates will persist throughout the year. Bruce Chan, director and senior research analyst at investment bank Stifel, expressed concerns about […]

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24 Jan 2023

U.S. Rail intermodal faces challenging 2023

  A list of challenges including weaker demand, a competitive truck market and a shift in U.S. port activity away from the West Coast to East and Gulf ports that utilize shorter inland hauls, point to a challenging 2023 for rail intermodal, predicts FTR Transportation Intelligence. During a webinar, Todd Tranausky, FTR vice president for […]

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15 Jan 2023

Cargo Flow at LA-LB, NY-NY Terminals Near Normal

  APM Terminals (APMT) said the two largest container gateways in the U.S., Los Angeles-Long Beach and New York-New Jersey, are returning to pre-pandemic efficiency levels while noting it will take some time for ports along the South Atlantic and Gulf Coast to achieve more normal cargo flow. Leo Huisman, APMT’s managing director for the […]

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14 Jan 2023

Industry update: warehousing, dwell times, empty containers and chassis, detention and demurrage and manpower

  According to data from Industrial real-estate services firm JLL, logistics and distribution firms and 3PLs are the top takers of warehouse space in the U.S., accounting for 15% and 13.1% of the total area respectively (see Figure below). The tightness in warehousing space for the 3PL industry in the U.S. has exponentially increased lease […]

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14 Jan 2023

China, Europe and U.S. Continue to Face Maritime Trade Disruptions

CHINA: The heatwave in China has forced some manufacturers in 19 cities and jurisdictions in China to shut down production for six days due to government-planned power cuts. Manufacturing power disruptions are also reported in Shanghai. The interruption is creating more bumps in the road with the approaching seven-day Golden Week holiday in October as […]

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15 Dec 2022

China’s lockdown, impact on West Coast ports – ongoing congestion, limited alternatives

Overall, China’s total container volumes have only seen a marginal contraction of 2.5% in April despite pandemic-related lockdowns in Shanghai. Even though Shanghai port recorded a -25% drop in containers handled in April, much of that volume was redirected with seven of the ten largest container ports located in China, The McCown Report assessed. Cargo […]

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15 Dec 2022

Significance of current contract negotiations and Coastal cargo shift

Contract talks started on May 10th between the Pacific Maritime Association (PMA) and International Longshore and Warehouse Union (ILWU), the two parties who represent many of the companies and workers that keep U.S. West Coast ports running. WHO ARE the ILWU? Labor Union representing port workers on the U.S. West Coast. Members: More than 22,000 […]

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