Freight Market Update | Week 18
Disruptions at the Port of Montreal Continue to affect North American Supply Chains
Over the weekend, Montreal port employers stated that they would not pay full salaries to longshore workers, in response to the 11% drop in tonnage processed last month, as shippers have continued to divert their cargo away from Canada’s second-largest port. Meanwhile, other North American ports have been handling double-digit [...]
Congestion at Chicago’s Norfolk Southern Yard has led to Major Delays for East Coast Rail Shippers
Inbound freight coming from the U.S. East Coast is backlogged as Norfolk Southern’s Landers intermodal yard, located in Chicago, fights to handle an extremely high volume of ocean containers coming from both U.S. coasts. East Coast shippers who use Norfolk Southern railway are reporting delays that are lasting weeks. In [...]
Suez Canal Reopens as Supply Chain Interruptions are Experienced Globally
Nearly a week after the Ever Given containership became grounded, the Suez Canal finally reopened on Monday, the 29th. It is expected, however, to take about 4 to 7 days for the waterway to become fully operational due to the roughly 450 cargo ships which accumulated during the traffic jam. Freeing [...]
Update | Egypt’s Blocked Suez Canal
As of today, March 26th, the Ever Given remains grounded in Egypt’s Suez Canal. This incident not only creates problems for Asia-Europe trade but will inevitably cause issues across global supply chains. Container Imbalance Ships heading to Asia, which have now been delayed for four days, are not able to return [...]