August 13, 2021
Logistics professionals say the growing scarcity of long-haul aircraft could push freight rates near $20 per kilogram on certain trade lanes within a few weeks, making air transport five or six times more expensive than normal for the fall rush. The most current data from logistics providers and risk intelligence analysts shows that 531 flights, or 43% of the daily total, were canceled from Beijing and that airlines scrubbed 408 flights, a third of the daily total, at Shanghai Pudong International Airport, as of Aug. 6. Two-thirds of the flights were canceled in Xiamen. And Sunan Shuofang International Airport, which serves the cities of Wuxi and Suzhou in southern Jiangsu province, is not accepting import cargo.
August 11, 2021
A container port in China’s eastern marine hub Ningbo has suspended operations after a member of staff tested positive for COVID-19 on Tuesday (Aug 10), said a port official at a press briefing on Wednesday. Ningbo Meidong Container Terminal Corp, a subsidiary of Ningbo Zhoushan Port Company, has also suspended all inbound and lift-off services from 3:30 am local time on Wednesday. Ningbo Zhoushan port, China’s second-largest container port by handling volume after Shanghai, handled 18.68 million twenty-foot equivalent units (TEU) in the first seven months, up 17.1 per cent on-year.
July 15, 2021
Union Pacific Railroad will halt all international intermodal service from the West Coast to its Global IV terminal in Joliet, Illinois, for up to seven days beginning early Monday, an emergency measure designed to get thousands of ocean containers in stacks to their cargo owners. The railroad confirmed the suspension from the ports of Los Angeles, Long Beach, Oakland, and Tacoma, saying it is necessary to relieve the “significant congestion at our inland intermodal terminals, most notably in Chicago.” The move goes into effect at 11:59 p.m. PDT July 18.
July 10, 2021
Truckload spot rates continue to trend higher in 2021, averaging $3.18/mile over the past two months compared to $2.96/mile (7.4%) from November to December of last year, according to Truckstop.com’s average top 100 lanes. What can get lost in the cost of transportation is the rising underlying costs such as maintenance, insurance and the most easily tracked — fuel.
July 7, 2021
US businesses shipping goods to and from Mexico are being forced to innovate and consider new ways to move goods as the COVID-19 pandemic disrupts transportation networks on both sides of the border. However, shippers find that alternative transportation options are limited, as capacity constraints that were tight even before the pandemic worsen as the disruption persists.
July 1, 2021
The European Union (EU) is making important changes to its value-added tax (VAT) rules, which come into effect on July 1, 2021. This will impact businesses that sell across EU country borders (also known as distance sellers) and businesses exporting goods to buyers in the EU. These changes will lead to simpler procedures and reduced administration, as well as possible broader implications for how merchants conduct business in the EU.
June 24, 2021
Calgary-based WestJet announced it will acquire a small fleet of converted Boeing 737-800 freighters and begin dedicated cargo service to support the needs of freight forwarders, shippers and other Canadian firms amid robust demand for air transport.
June 23, 2021
US truck freight tonnage dropped in May, but not through lack of demand. Instead, a lack of capacity and supply chain disruption were the most likely culprits… The DAT Freight & Analytics Truckload Volume Index for May fell 6 percent from April and is off 9 percent from its peak in March, although it remained 38 percent higher than a year ago, according the truckload spot market load board operator and market analysis provider.
June 21, 2021
The capacity shortage in the trucking market continued into May as spot load posts were up 290% YoY and truck postings were down nearly 15% YoY… This dynamic kept the load-to-truck ratio elevated, increasing almost 220% YoY for vans, 674% YoY for flatbeds and 324% YoY for reefers.
June 13, 2021
FedEx Freight is not the only LTL carrier trying to control volume, although other carriers are taking different approaches on a different scale. They may dial back the number of shipments in certain lanes, bypass congested terminals, or refuse shipments to certain locations. Carriers are also turning away non-contractual volume and using price and accessorial charges to change shipper behavior.
June 13, 2021
The heavy trucking division of FedEx Corp. (NYSE: FDX) began notifying select manufacturers, retailers and logistics companies on Friday that it will stop picking up their goods as of Monday, leaving them virtually no time to make alternative shipping arrangements. Other LTL carriers are also operating at maximum capacity and may not be able to absorb more freight in the near-term.
June 14, 2021
Ports in southern China impacted by Covid-19 lockdowns that are further disrupting the global box trade have seen a significant slump in container availability in the last two weeks, according to the latest data from Container xChange. Yantian and Shekou ports, near Shenzhen, and Nansha port, part of the Guangzhou box hub, are most affected.
June 8, 2021
The number of containers unable to move from south China because of a Covid-19 outbreak around Yantian Port has already surpassed the volume of boxes held up in March when the 20,388 teu Ever Given blocked the Suez Canal in Egypt, statistics that serve to underline the severity of the latest supply chain crisis hitting liner shipping.
June 3, 2021
The container shipping industry and global supply chain from China are facing a fresh challenge due to a disruption at Yantian and the neighboring Shekou ports in southern China near Hong Kong. The province is facing increased restrictions, which are impacting port operations at one of China’s busiest export terminals, due to newly reported cases on COVID-19.
June 1, 2021
US Class I railroads on both coasts are tightening free time to speed the pickup of record import volumes flowing through their busiest terminals. The moves will narrow the window on many domestic and international shippers and is meant to encourage quicker turns of containers and chassis to relieve congestion on inland rail ramps.
May 23, 2021
Those opportunities are in the Gulf Coast and the Southeast — specifically Houston and Savannah. Both ports have seen incredible increases in containerized volumes that began before the pandemic and since the resurgence last summer have only continued to soar.
May 19, 2021
The severe cyclone that caused several of India’s container ports to suspend all operations over the weekend has dealt another blow to the pace of container flows in and out of the region, which was already suffering from lingering vessel capacity shortages and fresh COVID-19 lockdowns.
May 17, 2021
Ship congestion outside the busiest U.S. gateway for trade with Asia showed glimmers of easing as port officials race to clear a backlog of arriving cargo before peak season begins in about three months. A total of 19 container ships were anchored waiting for entry into Los Angeles and Long Beach, California, as of Sunday, compared with 21 a week earlier, according to officials who monitor marine traffic in San Pedro Bay. The bottleneck has persisted since November, peaking around 40 vessels in early February.
May 2, 2021
Freight industry executives expect a squeeze on trucking capacity that has been driving up shipping costs for U.S. companies to persist through the rest of the year, as strong demand in a rebounding American economy collides with a shortfall in truck availability.
April 26, 2021
The effects on ocean freight capacity are beginning to increase a month after the Ever Given became lodged in the Suez Canal. When the Suez — one of the busiest trade lanes in the world — became blocked, ships arrived late to ports of call. Carriers had to respond by blanking sailings that were scheduled on these late ships.
April 19, 2021
The Port of Los Angeles’ import volume rose nearly 123% YoY in March to reach 490,115 TEUs — up almost 65% compared to the same month in 2019. The Port of Long Beach had its busiest month of all time in March, despite the month being “traditionally one of the slowest months on the shipping calendar,” the port said in a press release.
April 14, 2021
The growth spurt in consumer spending that began last summer carried over into 2021, with knock-on effects to supply chains. Freight demand led to hikes in transportation prices and warehouse rents, alongside dips in capacity. And near the end of the quarter, a global disruption occurred: The Ever Given became lodged in the Suez Canal. The charts in the article illustrate the story of supply chains in Q1 2021.
April 1, 2021
Days after the vessel was freed, hundreds of container ships were still waiting to get through the canal as a result of the backlog created by the blockage. In the article is what unfolded over the six days in which the container ship was stuck, and its lingering effects on the supply chain.
March 24, 2021
An ultra large container ship operated by Evergreen ran aground on the Suez Canal on Tuesday, blocking traffic on one of the world’s most important waterways. A large backlog of ships is now massing on either side of the waterway, waiting to go through. An Egyptian official who spoke to the Associated Press confirmed that efforts to remove the ship would take at least two days and blamed a strong 50 km/h gust of wind for the accident.
March 19, 2021
FedEx expects the current airfreight environment will allow it to keep its elevated pricing on Express for the next 12 months, executives said on the company’s earnings call Thursday. FedEx Express has experienced higher demand over the last year as a result of the pandemic. Strained capacity due to the loss of passenger flights pushed airfreight shippers to utilize freighters.
March 16, 2021
Two senators reintroduced the Developing Responsible Individuals for a Vibrant Economy Act, known as the DRIVE-Safe Act, which would allow CDL holders under age 21 to haul interstate loads in certain circumstances. The regulation would apply to drivers who have completed, or are participating in, an apprenticeship program, according to the bill text.
March 9, 2021
During the COVID-19 pandemic, sales of Peloton exercise bikes and other equipment have surged as the New York City-based exercise company saw its membership subscriptions reach more than 3.1 million, more than double the number of subscriptions compared with 2019, as people have avoided their local gyms and turned to exercising at home.
Shipper, trucker groups applaud FMC on 'strongest step' to demand container information from carriers
February 18, 2021
The Federal Maritime Commission issued an information demand requiring ocean carriers and terminal operators to provide details on their detention and demurrage practices, container returns, and container availability for exporters, the agency said Wednesday in a press release.
February 10, 2021
An ice storm will spread across a dozen states over the next two days, making travel virtually impossible for truckers. Moisture feeding off the Gulf of Mexico will interact with cold air drifting into portions of the South. This will cause widespread freezing rain and ice Wednesday and Thursday from eastern Oklahoma and the mid-Mississippi Valley to the mid-Atlantic.
Shipper, trucker groups applaud FMC on 'strongest step' to demand container information from carriers
February 10, 2021
Historic volumes at the nation’s ports have knotted the flow of trade so badly that containers filled with December’s holiday items still are being processed through the ports, according to data and analysis from ImportGenius.
February 3, 2021
Imports surged, and so did the need for containers. To keep up with demand, ocean carriers prioritized shipments out of Asia for U.S. or European imports. This led to an uptick in empty containers leaving U.S. ocean ports as carriers didn’t wait for U.S. exporters to load their goods and instead prioritized more profitable businesses in Asia.
January 21, 2021
The company said the Maersk Essen, which has capacity for more than 13,000 containers, lost an estimated 750 of them on January 16 about halfway through its trans-Pacific sailing from China’s Port of Xiamen.
January 14, 2021
Hapag-Lloyd expects the current congestion at West Coast port facilities to continue into at least February, according to a recent update from the carrier. The back up has resulted in 35 ships currently anchoring away from the California ports of Los Angeles and Long Beach awaiting berthing spots, according to the notice, which also mentioned increased dwell times at the New York port facility.
January 4, 2021
The nation’s ports continued their breakneck pace in November as imported products arrived and unloaded at a record or near-record rate at facilities on the Pacific and Atlantic coasts. The Port of Los Angeles had a strong month as the nation’s busiest facility processed 889,746 20-foot equivalent units, a 22% increase compared with November 2019, when the facility moved 728,917 TEUs.