The air cargo market should be cautious about drawing conclusions based on January’s market performance, said Niall van de Wouw, chief airfreight officer at Xeneta. Aside from the uncertainties caused by COVID, the aviation industry encountered added challenges brought on by 5G concerns in the U.S., winter weather episodes impacting flight schedules and an earlier-than-usual […]
Read MoreAccording to the latest Road Freight Rate Benchmark published by Transport Intelligence (Ti) and Upply, high prices across Europe have been driven by driver shortages, rising fuel costs, supply chain congestion and a supply-demand imbalance. The Benchmark index stood at 108.3 in Q4 2021, higher by 1.1 points than in Q3 2021 and 3.2 points […]
Read MorePort congestions in North America and Europe continue to put pressure on the Carriers’ schedules, as vessels are not making the journey back to Asia timely. The port overwhelms in Los Angeles and Oakland (currently 1 to 3 weeks waiting time) has had ripple effects worldwide, with the Suez Canal and Yantian recent crisis adding […]
Read MoreDomestic migration’s role as the main driver of population change intensified between 2016 and 2021, resulting in population gains in some counties and declines in others. Population estimates for July 1, 2021, released today allow us to look at recent trends in county population change. Natural change (the difference between births and deaths), domestic migration […]
Read MoreEffective April 1, 2022 All containers going through the container terminal gates at the Ports of Los Angeles and Long Beach MUST PAY the Ports’ Clean Truck Fund (CTF) Rate. This is a different local Government fee and in addition to the current PierPass Fee. The Clean Truck Fund rate is a key component of […]
Read MoreAfter 5 months of consideration the U.S. Trade Representative released a list of products that would once again be subject for an exclusion from Section 301 duties until December 31, 2022. On March 23, 2022, the USTR reinstated 352 previously extended exclusions. Qualifying products can claim the exclusion immediately, and the exclusions are retroactive to […]
Read MoreShenzhen might have got through the worst of another Covid lockdown, but the ripple effects of China’s battle with omicron are seeing ships back up along the nation’s coastline with carriers forced to change schedules to avoid growing congestion issues. Shenzhen came out of a seven-day lockdown yesterday, and while its port workers were allowed […]
Read MoreEffective April 1, 2022: All containers going through the container terminal gates at the Ports of Los Angeles and Long Beach MUST PAY the Ports’ Clean Truck Fund (CTF) Rate. This is a different local Government fee and in addition to the current PierPASS Fee. The Clean Truck Fund rate is a key component of […]
Read MoreAverage vessel waiting times for berth and labor have improved significantly at the San Pedro Bay ports of Los Angeles and Long Beach in the past few weeks, halving the number of queueing ships to below 50. Moreover, according to the latest data from the Los Angeles Signal port optimizer platform, the average waiting time at LA […]
Read MoreAfter two weeks since Russia’s invasion of Ukraine, there seems to be a negligible impact on the container prices and leasing rates in China. Container availability has improved soon after the Chinese New Year until Friday across key ports in China. However, with the announcement of nationwide lockdowns, the supply chain must prepare for another […]
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