Peak Season Forecast

Steady increases in vessel capacity amid lackluster demand may dampen ocean carriers' ability to sustain higher rates during the coming peak season, and the expectations for the intermodal and trucking segments are likewise muted.

News & Analysis

Cranes at the Port of Virginia
18 Nov 2013
The Port of Virginia handled 206,597 TEUs in October, jumping 17.8 percent year-over-year and surpassing the single-month record for TEUs that was just set in July...
16 Aug 2013
Major container lines have announced rate increases for a variety of trades, as detailed below, slated to take effect in August, September and October.
13 Aug 2013
Import volume at major U.S. retail container ports is expected to rise 1.7 percent month-over-month in August, according to the monthly Global Port Tracker...
13 Aug 2013
The Port of Virginia is experiencing an influx of rail cargo at Norfolk International Terminals and APM Terminals in Portsmouth as a result of peak season volume...
02 Aug 2013
Major container lines have announced rate increases for a variety of trades, as detailed below, slated to take effect in
31 Jul 2013
The peak shipping season this fall should be uneventful, with only a modest increase in cargo volume, a temporary spike in freight rates and no real shortages of transportation capacity or equipment to disrupt the supply chain, according to industry experts who spoke at a Journal of Commerce webcast Tuesday.

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Commentary

2012’s container shipping rally produced rising freight rates that brought liner operators back to profitability. But with the market at another ebb, liner companies collectively must keep a cool head and resist the temptation to engage in a price war that would jeopardize a sustainable recovery.