The conflict in the Middle East may have late-year implications for the domestic transportation market.
Shippers are desperately trying to find a way to get their freight into the U.S. The peak impacts to surface transportation may be in the future.
Reefer capacity is extremely tight across the country and especially out of port markets.
$2 billion in capex over the next ten years will nearly double Savannah’s container traffic to 8 million TEUs annually.
The Panama spread (FBX.PANA) widened last night when Freightos released new container rates for this week: rates from China to the American East Coast (FBX.CNAE) climbed to $3,683, while rates to the West Coast (FBX.CNAW) fell slightly to $2,527.
SONAR’s new index shows the cost difference for Asian exporters moving goods into East Coast or West Coast ports. When combined with trucking spot prices, the Panama spread helps explain recent shifts in trade flows.
