With a second wave of container dwell times and ships at anchor approaching record levels, congestion in Southern California will get worse over the next three months when import volumes are likely to set new records, according to the executive director of the Port of Los Angeles. “Volumes will be strong in the traditional peak […]
Archive for the ‘CONSUMER GOODS’ Category
SoCal truck demand spiking on record intermodal rates, railyard congestion
Demand for trucking capacity in Southern California has been on a tear over the last four weeks owing to congestion at inland intermodal terminals, steamship lines and Class I railroads restricting the number of ocean containers flowing inland, and spot intermodal rates that have eclipsed short-term truckload pricing. Shippers nervous about containers sitting at the […]
Peak season arrives early for US trucking
Strong and sustained demand, combined with widespread supply chain disruption, has advanced the US trucking industry’s traditional peak season by months, tamping down the seasonality normally associated with July and August, according to analysts interviewed by JOC.com. They expect both spot and contract truckload rates to remain strong through the end of the year, even […]
Growth in air cargo volume hits 4-year high
Air cargo volumes increased 9.9% in June, capping the strongest annual first half for carriers since 2017 and giving the industry momentum heading into the traditional holiday shipping season, the International Air Transport Association reported Wednesday. The news was less sanguine for companies that ship goods and are looking for more space in a crowded […]
Cold Chain Summit: Next-gen refrigerated boxes for air cargo
Temperature-sensitive goods such as pharmaceuticals require special handling during transportation, as well as coolers or refrigerated containers. The equipment maintains a constant temperature and humidity during transit. The air cargo environment is especially challenging because there are multiple handoffs between parties, and during flight no one can intervene to adjust the temperature if the contents […]
Oh no, not Ningbo! COVID case shuts down container terminal
South Carolina ports moved a record volume of containers in July, the first month of its 2021-2022 fiscal year. Chinese authorities on Wednesday closed a major container terminal at the Port of Ningbo after a dock worker tested positive for COVID, raising fears among traders that supply chain disruptions that occurred when Yantian terminal in […]
Ocean carriers boost profit expectations as congestion, demand raise rates
The ocean freight market is pushing cargo owners to the limits in terms of time and price. But the timeline for when the market will cool remains uncertain as stakeholders expect demand to continue at pace through the end of the year.
FreightWaves Classics: Port of Mobile is a key Gulf Coast port
The ports of the United States are our nation’s windows to the rest of the world. Imports and exports flow through them daily, helping maintain the world’s largest economy. A key Gulf Coast port is located in Mobile, Alabama. It is one of the top 20 U.S. ports by volume. Located along the Mobile River […]
COVID threatens Chinese exports as US struggles to restock inventories
U.S. import demand is stronger than ever as inventory-to-sales ratios remain painfully low. Yet there’s rising risk to shipping volumes on the supply side of the equation: Most American containerized imports come from China and elsewhere in Asia, where the delta variant is spreading. There were two big plunges in trans-Pacific volume last year: one […]
Rough seas, not enough sailors — Freightonomics
The West Coast ports are full, according to Port of LA Executive Director Gene Seroka, but the import flood is just starting as we move into the end of summer. What does the coming flood of goods mean for ocean freight still dealing with rough seas thanks to pandemic influences? Anthony Smith and Zach Strickland […]