The trucking industry landscape both for asset and non-asset companies is being Mention ocean freight these days and all our internal doomsayers promptly come out for a party, trying to convince everybody of the merit of avoiding the sinking segment. Port Tracker report reinforces expectations for declining import volumes over remainder of 2022 For July, the most recent month for which data is available, import volumeat 2.18 million TEU (Twenty-Foot Equivalent Units)was 3.1% below June and off 0.4% annually, marking the third annual decline in the last two years (through July) and for the first time since FILE PHOTO: Container ships wait off the coast of the congested Ports of Los Angeles and Long Beach in Long Beach, California, U.S., October 1, 2021. Retailers wary, but air cargo data shows signs of market strengthening. Flexport Inc, a digital freight platform, estimated that it could take 24 days to clear cargo backlogs from the strike. Delivery times for air cargo, tracked by supply chain portal Flexport, are improving too. The number of China-Europe freight train trips this year reached 10,000 on 21 August, according to the latest figures from China State Railway, a figure hit 10 days earlier than last year and a 5% increase in volumes The divergence could be temporary In 2022 we expect the extreme congestion at the Rotterdam container terminals to continue for the time being, says Emile Hoogsteden, commercial director at the Port of Rotterdam Authority. A major benchmark of the time taken for a good to get from the factory to its destination port the Flexport Ocean Timeliness Indicator has fallen significantly over just the past three months. In a nutshell: investors looking for the impact of the spot rate declines on carrier balance sheets were given an early glimpse in this weeks Alphaliner research, which showed a growing divergence in operating margins between carriers focused on the spot market, and their peers which have chosen to prioritise long-term contracts.. Flexport Inc, a digital freight platform, estimated that it could take 24 days to clear cargo backlogs from the strike. Source: Flexport Research, data through April 23, 2022 13 * Basis same port productivity as 2019.Note: Figures above bars are % reduction Real effective capacity Q12022 highlights Financial highlights Market developments 2022 guidance Summary Port congestion and supply chain disruptions may extend into 2023 120 110 100 90 80 70 60 50 40 s China-Europe rail rates falling, but port congestion is propping up demand. The port of New York and New Jersey said it has seen rise of 34 percent in cargo volume compared to pre-pandemic levels. Flexport Inc, a digital freight platform, estimated that it could take 24 days to clear cargo backlogs from the strike. The downturn also comes before the 2022 peak season, as discussed in recent Flexport research. Equipment: Rising equipment deficits are being reported across India, particularly in smaller ports and inland container depots (ICD). After a drop in airfreight traffic in July, the outlook for the sector has darkened, according to industry analysts Clive Data Services. FILE PHOTO: Container ships wait off the coast of the congested Ports of Los Angeles and Long Beach in Long Beach, California, U.S., October 1, 2021. Logistics Management (LM) Group News Editor Jeff Berman recently caught up with Paul Bingham, Supply Chain Transportation Economics Consulting, for S&P Global Market Intelligence, to discuss various supply chain- and logistics-related topics. Causes of delay. There are indications of power cuts in Ningbo (Zhejiang province) which would affect production output but there is still no official information available. Drought in Germany is affecting trade along the River Rhine as water levels are now too low for laden barges carrying freight to navigate, threatening supply chains and further port congestion. The ripple effects could worsen congestion far from the UK, it said, citing Felixstowes 15 weekly services of container ships and truck-carrying ferries serving mainland Europe and Asia. New Asian cargo flows strain US Gulf and east coast infrastructure. Among the topics covered were: the impact of inflation on infrastructure projects, a potential recession, and the impact of The downturn also comes before the 2022 peak season, as discussed in recent Flexport research. Trucking news and expert analysis of trucking companies across the United States, from trucking industry news about such leading freight carriers as Swift Transportation and Old Dominion Freight Line to smaller regional trucking firms plying various cross-border and domestic routes.. A major benchmark of the time taken for a good to get from the factory to its destination port the Flexport Ocean Timeliness Indicator has fallen significantly over just the past three months. Freight Market Update is a complimentary service from Flexport, the modern freight forwarder. As shippers diverted freight to eastern ports, congestion moved along with it. The downturn also comes before the 2022 peak season, as discussed in recent Flexport research. As shippers diverted freight to eastern ports, congestion moved along with it. And while many 3PL provider financials for 2021 were staggering, the state of the market in 2022 depends on the pace of global recoverywhich Looking back to the onset of the pandemic or even the year before, though, imports have shown substantial growth. A snapshot of US real imports by major product categories, Logistics Management (LM) Group News Editor Jeff Berman recently caught up with Paul Bingham, Supply Chain Transportation Economics Consulting, for S&P Global Market Intelligence, to discuss various supply chain- and logistics-related topics. Clives numbers show a 9% drop in global airfreight volumes last month, from 12 months Flexport Inc., a digital freight platform, estimates that it could take 24 days to clear cargo backlogs from the strike. Maverick contractor calls for vote of no confidence in FedEx Ground CEO Sep 13, 2022 0 Comments Share. Port Tracker report reinforces expectations for declining import volumes over remainder of 2022 For July, the most recent month for which data is available, import volumeat 2.18 million TEU (Twenty-Foot Equivalent Units)was 3.1% below June and off 0.4% annually, marking the third annual decline in the last two years (through July) and for the first time since This is because the international container ship fleet and terminal capacity are not growing at a rate commensurate with demand. Top 30 U.S. The trucking industry landscape both for asset and non-asset companies is being On the wires: CH Robinson insider action food for thought China-Europe rail rates falling, but port congestion is propping up demand. Flexport On the wires Rate inflation UBS. Blame sentiment. Flexport Inc., a digital freight platform, estimates that it could take 24 days to clear cargo backlogs from the strike. Leading up to the pandemic, air cargo had been experiencing a wrath of fundamental pressures: record high rates, tight capacity, mounting congestion at key gateways, and ever-present labor issues. The ripple effects could worsen congestion far from the UK, it said, citing Felixstowe's 15 weekly services of container ships and truck-carrying ferries serving mainland Europe and Asia. Freight Market Update is a complimentary service from Flexport, the modern freight forwarder. According to China State Railway Group, there were 1,517 Silk Road trains running in July, up 11% year on year, with volumes up 12%, to 149,000 teu. Some service level issues are arising due to USEC port congestion and disruptions in the EU. Drought in Germany is affecting trade along the River Rhine as water levels are now too low for laden barges carrying freight to navigate, threatening supply chains and further port congestion. The port of New York and New Jersey said it has seen rise of 34 percent in cargo volume compared to pre-pandemic levels. There are indications of power cuts in Ningbo (Zhejiang province) which would affect production output but there is still no official information available. The port of New York and New Jersey said it has seen rise of 34 percent in cargo volume compared to pre-pandemic levels. China-Europe rail freight volumes spiked last month, with demand for central Asian road freight connections also increasing. In 2022 we expect the extreme congestion at the Rotterdam container terminals to continue for the time being, says Emile Hoogsteden, commercial director at the Port of Rotterdam Authority. This is because the international container ship fleet and terminal capacity are not growing at a rate commensurate with demand. Top 30 U.S. Looking back to the onset of the pandemic or even the year before, though, imports have shown substantial growth. A snapshot of US real imports by major product categories, However, the Russian invasion of Ukraine now takes the industry into unprecedented territory. Deteriorating conditions may prompt some shippers to turn their back on air cargo, but dedicated freighter capacity is expected to remain a fixture. Some service level issues are arising due to USEC port congestion and disruptions in the EU. Ports Los Angeles/Long Beach (LA/LB) conditions have improved with only 3 ships at anchor at the end of June, and port dwells down to less than 5 days. Deteriorating conditions may prompt some shippers to turn their back on air cargo, but dedicated freighter capacity is expected to remain a fixture. China-Europe rail freight rates have fallen in recent weeks, as have ocean prices, but demand appears to be holding up, due to port congestion in Europe. As shippers diverted freight to eastern ports, congestion moved along with it. As shippers diverted freight to eastern ports, congestion moved along with it. Source: Flexport Research, data through April 23, 2022 13 * Basis same port productivity as 2019.Note: Figures above bars are % reduction Real effective capacity Q12022 highlights Financial highlights Market developments 2022 guidance Summary Port congestion and supply chain disruptions may extend into 2023 120 110 100 90 80 70 60 50 40 s Sign Up. However, the Russian invasion of Ukraine now takes the industry into unprecedented territory. The indicator may also be showing that while the worst of late 2021 build up in congestion may be over, though levels are still well above pre-pandemic level. The port of New York and New Jersey said it has seen rise of 34 percent in cargo volume compared to pre-pandemic levels. The ripple effects could worsen congestion far from the UK, it said, citing Felixstowes 15 weekly services of container ships and truck-carrying ferries serving mainland Europe and Asia. The ripple effects could worsen congestion far from the UK, it said, citing Felixstowes 15 weekly services of container ships and truck-carrying ferries serving mainland Europe and Asia. Sign Up. Sign Up. Learn how Flexports supply chain solutions can help you capture greater opportunities. Clives numbers show a 9% drop in global airfreight volumes last month, from 12 months There are indications of power cuts in Ningbo (Zhejiang province) which would affect production output but there is still no official information available. Then, drawing brave parallels with the stock prices of the most prominent shares I cover, was quite handy given the The port of New York and New Jersey said it has seen rise of 34 percent in cargo volume compared to pre-pandemic levels. Typhoon Muifa to shut China ports for second time in 10 days. As shippers diverted freight to eastern ports, congestion moved along with it. Typhoon Muifa to shut China ports for second time in 10 days. Freight Market Update is a complimentary service from Flexport, the modern freight forwarder. Then, drawing brave parallels with the stock prices of the most prominent shares I cover, was quite handy given the The trucking industry landscape both for asset and non-asset companies is being As global correspondent Karen Thuermer has been reporting in LM, third-party logistics (3PL) providers continue to face a host of critical and pressing issues that challenge their skills at managing a clients supply chain. As global correspondent Karen Thuermer has been reporting in LM, third-party logistics (3PL) providers continue to face a host of critical and pressing issues that challenge their skills at managing a clients supply chain. Los Angeles/Long Beach (LA/LB) conditions have improved with only 3 ships at anchor at the end of June, and port dwells down to less than 5 days. Causes of delay. FILE PHOTO: Container ships wait off the coast of the congested Ports of Los Angeles and Long Beach in Long Beach, California, U.S., October 1, 2021. After a drop in airfreight traffic in July, the outlook for the sector has darkened, according to industry analysts Clive Data Services. Flexport On the wires Rate inflation UBS. However, total volumes for the first seven months were up only 4%, to 869,000 teu, continuing Flexport, a digital freight platform, estimates that it could take 24 days to clear cargo backlogs from the strike. Blame sentiment. Trucking news and expert analysis of trucking companies across the United States, from trucking industry news about such leading freight carriers as Swift Transportation and Old Dominion Freight Line to smaller regional trucking firms plying various cross-border and domestic routes.. In 2022 we expect the extreme congestion at the Rotterdam container terminals to continue for the time being, says Emile Hoogsteden, commercial director at the Port of Rotterdam Authority. On the wires: CH Robinson insider action food for thought China-Europe rail rates falling, but port congestion is propping up demand. The indicator may also be showing that while the worst of late 2021 build up in congestion may be over, though levels are still well above pre-pandemic level. The ripple effects could worsen congestion far from the UK, it said, citing Felixstowes 15 weekly services of container ships and truck-carrying ferries serving mainland Europe and Asia. New Asian cargo flows strain US Gulf and east coast infrastructure. As shippers diverted freight to eastern ports, congestion moved along with it. The number of China-Europe freight train trips this year reached 10,000 on 21 August, according to the latest figures from China State Railway, a figure hit 10 days earlier than last year and a 5% increase in volumes Speeding at 120 miles per hour on the Autostrada del Sole, one of the oldest European highways, in Italy last night, ahead of my usual chilled-out trip to the UK, I reckon I unconsciously classified the German, Swiss and Danish drivers by their attitude at the wheel. As of Tuesday, roughly 40 ships were sitting at anchor offshore waiting to transit the Savannah River and unload at the port's docks.. The port of New York and New Jersey said it has seen rise of 34 percent in cargo volume compared to pre-pandemic levels. According to China State Railway Group, there were 1,517 Silk Road trains running in July, up 11% year on year, with volumes up 12%, to 149,000 teu. Logistics Management (LM) Group News Editor Jeff Berman recently caught up with Paul Bingham, Supply Chain Transportation Economics Consulting, for S&P Global Market Intelligence, to discuss various supply chain- and logistics-related topics. Retailers wary, but air cargo data shows signs of market strengthening. The ripple effects could worsen congestion far from the UK, it said, citing Felixstowes 15 weekly services of container ships and truck-carrying ferries serving mainland Europe and Asia. Typhoon Muifa to shut China ports for second time in 10 days. Thats right, confidence totally lost for now, one investor remarked today, in contrast to earlier feedback Smell the blood this week from another source on the buy-side. Flexport Inc., a digital freight platform, estimates that it could take 24 days to clear cargo backlogs from the strike. Maverick contractor calls for vote of no confidence in FedEx Ground CEO The port of New York and New Jersey said it has seen rise of 34 percent in cargo volume compared to pre-pandemic levels. However, total volumes for the first seven months were up only 4%, to 869,000 teu, continuing Flexport Platform Visibility Order Management Customs Climate Ocean Freight Air Freight Less than Container Trucking Capital Trade Advisory Duty Drawback Cargo Insurance Product Classification Compliance Certification. The indicator may also be showing that while the worst of late 2021 build up in congestion may be over, though levels are still well above pre-pandemic level. East coast and gulf congestion will continue through July, with vessels at anchor in New York, Norfolk, and Savannah; 36 ships at the end of June awaiting berths with wait times in the 7-10 day range. Delivery times for air cargo, tracked by supply chain portal Flexport, are improving too. Among the topics covered were: the impact of inflation on infrastructure projects, a potential recession, and the impact of Among the topics covered were: the impact of inflation on infrastructure projects, a potential recession, and the impact of Drought in Germany is affecting trade along the River Rhine as water levels are now too low for laden barges carrying freight to navigate, threatening supply chains and further port congestion. The ripple effects could worsen congestion far from the UK, it said, citing Felixstowes 15 weekly services of container ships and truck-carrying ferries serving mainland Europe and Asia. The port of New York and New Jersey said it has seen rise of 34 percent in cargo volume compared to pre-pandemic levels. New Asian cargo flows strain US Gulf and east coast infrastructure.