“Patience is wearing thin. Neither side imagined it would take this long,” says the head of the Port of LA on dockworker contract talks.
Supply chain issues are in the rearview mirror for Fed inflation policy, but for importers, there’s still room for improvement.
Remaining queues of waiting ships are dwindling, another sign that supply chain pressure is winding down.
Container shipping lines are gradually getting their services back on schedule, but they still have a long way to go.
Southern California ports can’t evacuate import containers fast enough. The backlog has yet again reached critical levels.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
The Shanghai lockdown isn’t following the same supply chain script as the big Chinese disruptions of 2020 and 2021.
The debate heats up on whether this is the beginning of the end of container shipping’s bull run.
Congestion could go from bad to worse as liners steer a record number of container ships toward East Coast ports.
California ports make progress on bottlenecks, but Chinese lockdowns could spur “hockey stick” import rise.
COVID lockdowns haven’t closed Chinese ports yet. If they do, U.S. importers face “shockwave” of higher rates and delays.
SC Ports has seen record container volumes for 12 months straight.
Liner company Zim expects to rake in a billion dollars more this year than in record-setting 2021.
The new facility will reduce wait times and port congestion, according to Transport Canada.
Invasion and price spikes could destroy demand, weaken consumer confidence and curb cargo volumes, warns BIMCO.
The railroad says it is taking steps to grow capacity, both on its network and in places where more volumes need to push through, such as Charleston, South Carolina.
There are now more container ships waiting off East and Gulf Coast ports than there are off Los Angeles/Long Beach.
Among Thursday’s notes: Spot rates rise from China to U.S. West Coast, Indy outbound rejection rates drop, and more.
Project44’s Adam Compain explains during a fireside chat at the Global Supply Chain Week virtual conference how the company’s ocean shipping data will help FreightWaves SONAR customers make better, proactive decisions.
This partnership provides SONAR customers with the world’s highest quality data and insights on ocean market conditions.
