In Week 29, we see demand begin to fall from an early peak season while equipment shortages and severe weather impact vessels and some ports. WEATHER BLOCKS VESSEL TRAFFIC AROUND CAPE OF GOOD HOPE Severe weather near the Cape of Good Hope forced container vessels to seek shelter from [...]
Contract negotiations between several North American Dockworker unions and ports have the potential to snarl port operations and the movement of freight. The International Longshore and Warehouse Union (ILWU) Canada and the International Longshoreman's Association (ILA) in the U.S. are advocating for their members to agree to new contract terms [...]
This week's Freight Market Update brings good news for shippers choosing the U.S. West Coast ports as capacity is loosening. Week 28 started with a category 1 hurricane bringing the U.S. Gulf Coast supply chain to a temporary halt while German dockworker strike stopped port operations in Hamburg, Germany. [...]
LABOR ACTION AT PORT OF HAMBURG Dockworker strikes are taking place at all terminals of the port of Hamburg starting today, July 9, 2024, and running for 48 hours through July 11 at 7 a.m. local time. The first, second, and third shift will all be participating in the work [...]
OPERATIONS UPDATE: TUESDAY, JULY 9, 2024 Port of Houston - All terminals closed for storm recovery. Port will update at 4:00 PM Central. Class 1 Railroads - Inland intermodal facility closed. As conditions improve, engineering teams are conducting track inspections in areas that are safely accessible and are prepared to [...]
Week 27 brings tidings of good news from the Panama Canal though tight capacity and port congestion in Asia continues to plague the global supply chain. PANAMA CANAL DRAFT RESTRICTIONS MODIFIED Earlier this month, the Panama Canal Authority announced a significant change: they will be increasing the number of [...]
PANAMA CANAL NEARING NORMAL LEVELS AND INCREASING TRANSIT VOLUME After months of low water levels due to a historic drought, the Panama Canal’s freshwater reservoirs are approaching normal levels as summer begins. The drought, starting in mid-2023, reduced water levels in Gatun Lake, forcing the Panama Canal Authority (APC) to [...]
GLOBAL SUPPLY CHAIN NEWS: WEEK 26 Including capacity constraints, labor unrest, and the Port of Baltimore reopening following the Francis Scott Key Bridge collapse in March. TIGHT CAPACITY AND PORT CONGESTION The Red Sea crisis and container shortages continue to impact capacity. Vessel diversions around the Cape of Good [...]
In Week 25, we continue to see capacity constraints, labor unrest, and equipment shortages strain the global supply chain. Building supply chain resistance into your logistics program will help mitigate or minimize shipping delays and inventory shortages. GLOBAL SUPPLY CHAIN NEWS: WEEK 25 LABOR UNREST: CANADA WEST COAST, U.S. [...]
Demand for air cargo surged in Asia, the Middle East, and India. The volume spike began in May 2024 driven by the ongoing disruptions in global container shipping. As shippers find it increasingly difficult to secure space on container vessels, they turn to air cargo freight solutions. VOLUMES TRENDING UP [...]
