America’s seaports are critical gateways for goods entering and leaving the United States. Last year, many West Coast ports struggled to keep pace with the enormous amount of goods arriving from Asia, resulting in long delays to deliver home goods, electronics, holiday gifts, and other products to U.S. consumers. This year, the West Coast ports […]
Read MoreThe container shipping orderbook currently stands at 6.6 million TEU, equal to 26.7% of the global container shipping fleet. Much of the capacity is scheduled for delivery in the next two years. However, a significant drop in ocean freight rates is unlikely to materialize as carriers have said they will implement capacity management to match […]
Read MoreCanadian West Coast ports are not able to handle U.S. cargo spillover if disruptions are caused by the ongoing longshore contract negotiations. The ports of Vancouver and Prince Rupert are already at capacity with Asian imports destined for U.S. and Canadian markets. Cliff Stewart, vice president of infrastructure at the Port of Vancouver said, “The […]
Read MoreAlliance carriers need to add three ships per loop to sustain weekly frequency and maintain schedule integrity on the Asia-North Europe corridor, Alphaliner analysis showed. After assessing the completion of round-trip voyages between 1 May and 15 May, Alphaliner noted that ships on Asia-North Europe loops arrived back in China, on average 20 days late […]
Read MoreLast year, and early into 2022, the Port of Los Angeles emerged as a major bottleneck in the U.S. supply chain. At its peak, cargo ships could be waiting nine days or longer to be unloaded and shipped off to stores. While things have been improving, there are still bumps along the way, frustrating consumers […]
Read MoreA drop of exports from China has Asian shippers stepping in to fill the gap, according to data showing a recent surge of Trans-Pacific containerized imports into the U.S. The share of U.S. imports from China compared to all Asia imports contracted approximately 6 percentage points to 58.7% between February and April. Vietnam, the […]
Read MoreU.S. intermodal volumes dropped 6.6% year-over-year in the first quarter of 2022, reports the Intermodal Association of North America (IANA) in its Intermodal Quarterly report. International containers registered a decline of -15.5% and trailers of -12.8%, while domestic shipments recorded positive growth of 5.2% The first quarter decline was preceded by contractions in the […]
Read MoreAutomation at marine terminals in Los Angeles and Long Beach has increased paid hours for employees by expanding terminal capacity and improving cargo velocity, reports a new study commissioned by the Pacific Maritime Association (PMA) representing maritime employers at the West Coast ports. The report, released ahead of labor negotiations which are due to begin […]
Read MoreIt is not news to anyone that global shipping continues to be a mess. As China is still being ravaged by COVID, and Ukraine and Russia are still in the darkest days of war; it begs the question: when will logistics return to normal? The U.S. is facing some of the largest inflation rates […]
Read MoreTrucking rates in the U.S. are nearly 30% higher than previously recorded in April of 2021. This increase is largely due to fuel costs, which are up almost 40% since last year. But also there is the issue of accommodating the 60 to 40 percent import to export ratio. Decreasing exports and increasing imports are […]
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