In Week 44 of 2024, the freight market faces compounded disruptions as dock workers at the Port of Montreal prepare to launch an unlimited strike, adding pressure to a global logistics network already stretched thin. Meanwhile, persistent equipment shortages and prolonged dwell [...]
In Week 43, the freight market sees significant U.S. rail congestion, with Los Angeles/Long Beach containers averaging 10-day dwell times and off-dock cargo facing even longer delays. Inland hubs like Chicago and Dallas are also congested due to a railcar shortage, prompting [...]
This Week 42 Freight Market Update finds the U.S. East Coast recovering from the ILA strike and recent Hurricanes Helene and Milton. Elsewhere, capacity dips as demand wanes due to strategic adjustments made by importers ahead of the ILA strike and China's [...]
EAST COAST PORTS & WEATHER Hurricane Helene severely disrupted the U.S. supply chain by forcing the closure of major ports, airports, and rail lines impacting ports in Florida, Georgia, North Carolina, South Carolina, and Virginia. Damage has been extensive and local transport operations [...]
UPDATE: ILA-USMX REACH TENTATIVE CONTRACT AGREEMENT October 3, 2024 6:30 p.m. CST: ILA strike ends. Affected ports will resume operations on Friday, October 4, 2024 at 8:00 a.m. local time. Learn more about this development at Green Worldwide Shipping: ILA-USMX Reach Tentative Agreement, U.S. Dockworker Strike Ends. Week 40 [...]
Typhoons, port congestion, and threats of an impending labor strike are driving market tension in Week 39. U.S. EAST COAST ILA PORT STRIKE NEWS With the looming threat of a dockworker strike on October 1, 2024, ports and carriers are preparing for possible disruptions with extended hours, port omissions, [...]
Week 38 bring the U.S. East and Gulf coast dockworkers closer to a labor strike while capacity softens, some ports in North America remain congested due to order surges and container shortages. U.S. PORTS EXTEND HOURS AHEAD OF POTENTIAL STRIKE With the looming threat of a dockworker strike on [...]
In Week 37, the freight market is recovering from one typhoon and bracing for a hurricane. While capacity softens, some ports in North America remain congested due to order surges and container shortages. U.S. EAST COAST LABOR STRIKE PENDING With the 'no strike' clause still in effect, job actions [...]
Week 36 finds the global freight market in a state of ongoing turbulence. While shippers prepare for China’s Golden Week holiday, capacity adjustments and port congestion dominate the landscape. PROJECTION: BLANK SAILINGS TO SPIKE In advance of China’s Golden Week holiday, in early October, an increase in blank sailings [...]
Week 35 finds the freight market strained but rebounding. Government involvement ended the railway labor actions in Canada, water levels continue to improve in the Panama Canal, but the market remains fluid due to ongoing disruptions such as the recent rail lockout/strike and the Red Sea Crisis. CANADA RAILWAY [...]
