There were 63 container ships waiting off East and Gulf Coast ports on Friday morning, plus another eight off the transshipment hub in Freeport, Bahamas — and it looks like it’s about to get worse.
The largest container line in the world Mediterranean Shipping Company (MSC) has announced the implementation of new Freight All Kinds (FAK) rates in Europe, effective from 1 March but not beyond 31 March.
The U.S. government’s suspension of more than three dozen passenger flights operated by Chinese passenger airlines in retaliation against China’s COVID policies restricting U.S.
Container spot rates from Asia to the US west coast spiked this week, ahead of the Chinese New Year holiday on 1 February. Drewry’s WCI US west coast component put on 5%, to $11,197 per 40ft, while the Freightos Baltic Index (FBX), which includes an element of premium fees, gained 3.
Van and refrigerated truckload freight rates hit new highs in December, with national average prices up 21.9% and 29.5% respectively compared to the same period a year ago, according to DAT Freight & Analytics.
Key Notes: Omicron COVID variant continues to disrupt supply chain: According to the Pacific Maritime Association, COVID-related absences reduced dockworker headcounts by around 800 personnel (roughly 10 percent of the daily workforce) at the ports of Los Angeles and Long Beach in mid-January.
Major airlines have cancelled or made changes to flights to the US over concerns about the roll-out of 5G, even as Verizon and AT&T said they would delay the launch near certain airports.
LOS ANGELES — Thieves have been raiding cargo containers aboard trains nearing downtown Los Angeles for months, taking packages belonging to people across the U.S. and leaving the tracks blanketed with discarded boxes.
Ships looking to avoid COVID-induced delays in China are making a beeline for Shanghai, causing growing congestion at the world’s biggest container port.
Asia-US air freight rates have soared to new record highs in the last few weeks, as supply-chain bottlenecks drove more and more shippers to the constrained air freight capacity available to get goods to customers ahead of winter holiday deadlines.