Americas
USWC
The West Coast may again be the “best” coast after settling the ILWU contract uncertainty, Panama Canal drought issues, and rate deterioration.
Panama Canal
We are consistently seeing a noticeable increase in transit times (+ 5-6 days) for vessels passing through the Panama Canal due to weight restrictions.
Sea Freight
Europe → North America
Blank sailing and vessel sliding continue to counter market pricing erosion.
Asian + Indian Subcontinent
Rates sliding through the end of September and disappearing gains from August triggered carriers of all three alliances to respond with a heavy hand of blank sailings, cutting capacity by 25-50%.
Air Freight
Asia
The launch of iPhone15 and other consumer electronics as well as heavy e-commerce business from SE Asian Countries as well as HK and China, has triggered rate increases across the board.
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Need Help Navigating the Current Freight Market? Contact our Procurement Team
In Other News…
- From 2018-2022 Exports to US from India increased by 44% while China dropped 10% – The International According to BCG’s calculations, the average cost of Indian-made goods imported into the US is 15% lower compared to goods manufactured in the US. In contrast to, Chinese goods offer only 4% cost advantage.
– Read More -
Aging Cold Storage Capacity at 2.3 million square feet – Cold storage warehousing in the US can’t keep up with growing demand for capacity in the sector, with more than 70% of existing assets too old to be energy efficient and speculative builds deemed too risky given they’re triple the cost of dry warehouses and highly specific to each tenant’s needs.
– Read More -
Mexico is attractive, but not without its own special trials and tribulations – Mexican officials are trying to stem the flow of migrants headed for the US, which has forced the suspension of some rail operations and truck processing at major border crossings.
– Read More
Questions? All you have to do is contact us.
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