Container Build Up at Southern California Ports

Containers at Southern California warehouses have been piling up due to high volumes and the nearly doubling of the amount of street dwell time, disrupting the delivery of merchandise in the US market. The container accumulation at the ports is largely due to the import surge since the economic recovery from the COVID-19 lockdowns began … Continued

Container Shortage in Asia Expected to Intensify

Container shortages in Asia, especially China and India, are worsening as dwell time in the US and Europe increase and carriers struggle to return enough empty containers. The global supply chain is at risk at falling behind at a critical time, just before the upcoming peak shipping season. A spike in orders in July and … Continued

Carriers on Trans-pacific Eastbound Trade Announce Additional Rate Increase

With the continuation of aggressive blank sailing programs and overbooking, particularly on US West Coast bound vessels, upward pressure on rates has continued. Carriers have implemented increases effective July 1, 2020. On average rates to US West Coast and IPI points serviced via the US West Coast were raised by $400/40’ container. Rates to US … Continued