Asia-West Coast container FEU spot rates clear $2,000

Spot container rates spiked from the previous week as retailers replenished diminished inventories and after capacity has been reduced through dozens of blank sailings in May.

US truck dwell times declining, but detention still a problem

After spiking in March due to increased demand for essential goods amid the COVID-19 pandemic, truck detention has receded but remains a disruptive factor for truckers that can backfire on shippers when capacity is needed.

Capacity cuts keep Asia–Europe spot rates aloft

Extensive capacity cuts on the Asia–Europe and Asia–Med trades are holding up container spot rates, and some carriers are even announcing rate increases in May and June.

Slow recovery ahead for intra-Asia volumes amid COVID-19 challenges

As intra-Asia volumes seek to find their footing amid COVID-19, the mounting war of words over China’s initial handling of the coronavirus outbreak could result in a shift of multinational manufacturing from China to other regional players.

Top US Shippers: Resin exports expected to slide after strong 2019

The main concern for US resin producers in 2019 was an increase in Chinese import tariffs, but that has been overshadowed by macro-economic concerns during the COVID-19 pandemic.

Essential Reads

Forces have been set in motion that will slowly, but inexorably, change the supply chain status quo in myriad ways, most notably where freight is coming from and where it is going.
With tensions on the rise, groups representing ocean carriers and truck companies are open to meeting to resolve their differences on chassis.
European ports have been hit harder by blank sailings than other regions, according to a survey by the World Ports Sustainability Program and the International Association of Ports and Harbors.
The Panama Canal sees COVID-19 accelerating the long-building trends of global container trade becoming more regional.
A 9 percent boost in organic last-mile revenue signals more consumers are purchasing goods, including heavy goods, at home, a trend XPO’s CEO thinks could be permanent.