West Coast ports are bracing for a tidal wave of incoming goods as supply chain woes and international tension collide. This perfect storm stems from several factors: Inventory restocking: Retailers are replenishing shelves after periods of low stock, driving up import demand. Homecoming cargo: Goods that shifted to other ports during last year’s labor talks are returning to […]
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 MoreThe ports of Los Angeles and Long Beach have announced plans to phase out the program created to ease severe congestion on the West Coast. The container dwell fee policy will end on January 24, 2023. Neither port had ever issued the fee since it was announced on 25 October, 2021. The two ports […]
Read MoreAPM 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 […]
Read MoreThe tight U.S. chassis supply has been a contributing factor in port and rail congestion for more than a year. However, relief is coming, according to Bernard Vaughan, a U.S. chassis executive, who for decades served as the chief lawyer for chassis provider Flexi-Van Leasing. Vaughn, now principal at Vaughan Advisors, told the New […]
Read MoreAccording 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 […]
Read MoreThe share of import containers moved by rail from Los Angeles-Long Beach has reached a historical low in the first four months of 2022. It has fallen from 67.9% in 2019 to 56.8% in 2021 and to 40.8% in January through April, according to the Alameda Corridor Transportation Authority (ACTA). The average number of […]
Read MoreOverall, 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 […]
Read MoreContract 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 […]
Read MoreU.S. ports occupy the top five positions with New York having the most expensive Demurrage and Detention (D&D) charges followed by the ports of Long Beach, Los Angeles, Oakland and Savannah. All five of these ports are more than two to three times more expensive than seventh-placed Hong Kong and at least 20 times […]
Read More