Delays from Typhoon Hinnamor and More Industry News
This week: Changing trade patterns and increases in online grocery shopping increase demand for additional US cold storage facilities, supporting additional construction projects already planned or underway US imports will continue to drop for the rest of the year....
Improved Global Vessel Reliability, Dropping Trans-Pacific Spot Rates, and More
This week: July sees improvements to global vessel reliability, with mixed results for domestic vessel reliability Trans-Pacific spot rates continue to drop each week due to tight US warehousing capacity Mediterranean Shipping Co. sailings for September will be...
Mojave Inland Port Project Gains Support as Warehousing Demand Rises
This week: Empty containers continue to affect the US supply chain as carriers do not have an incentive to pick up empty containers over those loaded for export Trans-Pacific spot rates are not likely to normalize until next year Demand for inland warehousing...
Record-Low Intermodal Rail Service at LA-LB Effect Port Efficiency
This week: Rail service at LA-LB reaches an all-time record low, causing further port congestion Retailers expect US imports to slow in the second half of 2022 and throughout 2023 US shippers and importers push for reduced contract rates that reflect spot market...