The curtain went up in July on a peak season that is about as different from last year’s as can be imagined. Most trans-Pacific supply chains are almost back to normal after months of severe West Coast port congestion during contract negotiations between the International Longshore and Warehouse Union and the Pacific Maritime Association.
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
26 Jul 2013
Major container lines have announced rate increases for a variety of trades, as detailed below, slated to take effect in August and September.
24 Jul 2013
Average eastbound spot rates on the trans-Pacific resumed their slide this week following the 21.8 percent increase that resulted from the July 1 general rate increase.
19 Jul 2013
Major container lines have announced rate increases for several trade lanes, as detailed below, slated to take effect in August...
17 Jul 2013
The U.S. economic recovery has not brought as much container volume growth as expected, according to an Asian transportation report by Jeffries, a global investment banking firm.
17 Jul 2013
Drewry’s Hong Kong-Los Angeles Container Rate Benchmark remained unchanged in the week of July 17, according to the latest release of the Drewry Hong Kong-Los Angeles Container Rate Benchmark. In the previous weeks it had fully achieved a $400 per 40-foot container general rate increase set for July 1, but lost half of those gains last week.
There will be a peak season, a little later than normal in the trans-Pacific, perhaps, and carriers could indeed reap the benefits of higher pricing.