The ports of Los Angeles and Long Beach have excess on-dock rail capacity, so they are urging importers to ship more containers via intermodal rail to increase cargo velocity in Southern California.
Brokers need multiple rating tools to stay competitive
Today’s trucking market is characterized by high rates and constrained capacity; securing a truck at all can be difficult, and getting a decent rate can feel nearly impossible. Brokers and shippers should expect these challenges to continue well into 2022. To remain competitive in the new year, brokers and 3PLs need to focus on giving […]
Are outdated communication tools to blame for supply chain bottlenecks?
How Flexport and Convoy leverage APIs and automation to create a more efficient supply chain
Shippers must evolve to overcome market challenges
Rates have remained high throughout 2021, and shippers have been anticipating the market to rebalance. They may be waiting a bit longer, as seasonal slowdowns after the holiday season may not be as dramatic as most shippers are accustomed to — and hoping for — during the first quarter of 2022.
Inventory gain, exports raise US GDP forecast
IHS Markit expects US GDP to expand 7.1 percent in the fourth quarter, based on a $130 billion jump in inventory investment in October that represents goods “pulled forward” from 2022.
No post-holiday respite from import deluge: US retailers
Retailers project continued strong imports into 2022, with no traditional post-holiday slack period, as sales remain strong and ports work overtime to reduce vessel backlogs
US House passes ocean shipping reform legislation
The House voted overwhelmingly in favor of the Ocean Shipping Reform Act, which if passed by the Senate and signed into law by President Joe Biden would herald the first rewriting of US shipping law since 1998.
Plummeting truck orders dampen hopes for new capacity
Several factors are diminishing shipper expectations for new truck capacity in 2022, as Class 8 truck production and delivery dates are pushed out more than a year and backlogs build.
Savannah vessel backlog dwindles with new capacity on the way
With the number of anchored vessels already cut in half since September, the Port of Savannah is adding 400,000 TEU of capacity by Dec. 31 to the Garden City Terminal to further whittle down the backlog.
In-transit ships to prolong LA-LB congestion despite fewer vessels at anchor
Trans-Pacific carriers are slowing their vessels en route to Los Angeles–Long Beach, but the reduction in vessels at anchor does not mean cargo volumes have in any way been diminished.