12% of U.S. gross domestic product is linked to cargo moving through the 29 West Coast ports. The stakes are particularly high at the Ports of Los Angeles and Long Beach which process 31% of waterborne containerized imports and exports in the U.S. The twin ports have long reigned as the ‘Asia gateway’ for imports […]
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 more […]
Read MorePeak season for container shipping typically occurs in the third quarter of each year. This is a time when goods are shipped from manufacturing centers in Asia and elsewhere to Western markets like North America and Europe. Herbert Lee, Shipco’s regional director for Hong Kong & South China, describes what happens when demand for shipping […]
Read MorePublic attention has waned two years into the crisis that disrupted global supply chains, giving the impression that everything is back to normal. On the ground, the US’s busiest port complex is still battling bottlenecks across the board. Responsible for 42% of all containerized trade with Asia, the US’s largest hubs of Los Angeles and […]
Read MoreAir cargo revenues have doubled over pre-pandemic levels, marking 2022 as one of the industry’s strongest years ever the International Air Transport Association (IATA) said. Air cargo is expected to continue supporting the industry’s performance. Volumes are projected to rise this year even as cargo yield moderates with the additional belly capacity […]
Read MoreSupply chains are experiencing a massive bullwhip from the COVID economy and have built up massive inventory levels. A slowdown in consumer spending caused by inflation and a potential recession will have a massive impact on freight demand and prolong an inventory drawdown. As we look at the pandemic through the rearview mirror, the economy […]
Read MoreCarriers have warned the Tran-Atlantic’s low schedule reliability in April will continue to persist through the rest of the year. “We do not expect an improvement in schedule disruptions through the end of the year,” Matthew Hill, head of the North America import market for Maersk, told JOC.com. “The primary issue will be the […]
Read MoreU.S. Customs and Border Protection announced the publication of the Notices of Proposed Rulemaking (NPRMs) for the long-awaited update to 19 CFR 111. The NPRM for the Modernization of the Customs Broker Regulations (85 FR 34836) and the NPRM for the Elimination of the Customs Broker District Permit Fee (85 FR 34549) were published on June […]
Read MoreA study by Sea-Intelligence Maritime Analysis estimates shippers have lost up to US$10 million stemming from cargo delays over the past two years. Measuring schedule reliability from the perspective of cargo being moved, data by Sea-Intelligence shows that pre-pandemic, the baseline level of cargo arriving late was at 20% but had increased to […]
Read MoreAfter a year of headlines lamenting a congested supply chain, a report ranking port efficiency made it official: Southern California’s ports were the least efficient in 2021. The backlog of ships awaiting a berth in San Pedro Bay last year topped 100 — a threshold that didn’t consistently abate until Lunar New Year of 2022. Released Wednesday, […]
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