Montreal
• Yard utilization remains high
• Congestion due to high port demand amidst declining labor availability
Halifax
• All terminals are operating normally
• Vessel berth wait time is 4 – 7 days
• Rail dwell time is averaging 7 – 10 days
Prince Rupert
• Vessel berth wait time is averaging 8 – 13 days
• Yard …
Transpacific ocean rates might be experiencing a “post-Covid plummet”, but US import volumes remain high and lower freight rates could be “good for the economy”.
As The Loadstar reported, the latest Shanghai Containerized Freight Index (SCFI) showed rates from Shanghai to Los Angeles declining in the space of a fortnight per 40ft.
According to logistics technology platform Descartes, US …
Powerful gales and torrential rains battered Zhoushan in eastern China on Wednesday September 14th as Typhoon Muifa made landfall at the port city in what local media called the strongest tropical cyclone to hit the populous Yangtze River Delta in a decade.
Muifa landed around 8:30 p.m.(1230 GMT) as a strong typhoon, the second-highest in China’s tropical cyclone classification …
Ports around the world have been complaining for nearly a year about the build-up of empty containers blaming the containers piling up in their yards as contributing to the backlogs and disruption in the supply chains. Recently, ports and regulators have been looking at new steps to move the backlog of empties, but according to a new analysis from …
The White House early Thursday September 15th announced it had brokered a tentative agreement between US railroads and unions, averting a strike that would have crippled the country’s already fragile supply chain.
A strike or lockout could have happened just after midnight Friday.
President Joe Biden, in a statement, called the tentative deal “an important win for our economy.”…
The Long Beach Harbor Commission has approved the $170 million deepening projects to improve navigation, commerce, and safety along the channel. The work will allow the port to welcome newer, cleaner, and more efficient cargo vessels.
The Port of Long Beach and the federal government will share the costs, with the port’s share estimated at $109M.
Among other …
Montreal
• Yard utilization remains high
• Congestion due to high port demand amidst declining labor availability
Halifax
• All terminals are operating normally
• Vessel berth wait time is 4 – 7 days
• Rail dwell time is averaging 7 – 10 days
Prince Rupert
• Vessel berth wait time is averaging 8 – 15 days
• Yard …
The container market may be softening, but long-term freight rates are still through the roof. A new report released by ocean freight benchmarking company Xeneta showed long-term ocean freight rates climbed again in August, rising 4.1% month-on-month to stand 121.2% higher than the same time last year.
Xeneta said this demonstrates that uneven demand and ongoing supply chain issues …
Asian imports landing at ports along the US East and Gulf coasts surged in July, offering no respite from the vessel backlogs and terminal congestion experienced by those regions in recent months. West Coast ports, meanwhile, saw a year-on-year drop in cargoes from Asia, demonstrating why those gateways have experienced far less congestion than last summer.
The shift in …
The Chinese metropolis of Chengdu will impose a sweeping city-wide lockdown on Thursday Sep 1st confining 21 million residents to their homes as the country doubles down on its zero-Covid policy.
All residents in the capital of Sichuan province in southwest China have been ordered to stay at home from 6 p.m. September 1st, except for mandatory Covid …