Shanghai April container volumes drop, but other top China ports surge

Shanghai’s lockdown has continued this month, although carriers such as Maersk and CMA CGM said regional logistics and supply chains are gradually improving.

US import inventory glut inevitable, but not here yet

US retail spending is increasing despite inflationary pressures, while bookings and port volumes remain strong, suggesting the inventory warnings of Walmart and Target have not hit the larger retail industry yet.

Dray tech provider acquires GPS tracking maker

Drayage technology rollup Envase has added GeoStamp, a GPS-based port and drayage visibility and analytics provider, to its roster of tools for port carriers and intermodal providers.

NS chassis shortage affecting Pennsylvania shippers

Domestic containers have been idling in a Norfolk Southern terminal in eastern Pennsylvania because of a chassis shortage, but the railroad said it is delivering new equipment to the region and repositioning chassis from other markets to deal with the disruption.

Maersk says green methanol shift would double fuel costs

Powering its ships with green methanol will come with a significant increase in fuel costs for Maersk, but the carbon-free fuel offers greater scalability than other options.

Essential Reads

Container terminals in Vancouver and Prince Rupert are operating at full capacity, meaning they are unable to handle any cargo diversions from US West Coast ports if longshore contract negotiations head south.
Port truckers who left to start their own companies in Savannah last fall are re-engaging with former employers as they struggle to find loads to haul amid the recent decline in dray rates.
ILA leadership is expressing solidarity with the ILWU as it begins contract talks with West Coast terminal employers, while warning against further automation at US ports.
Uncertainty surrounding the timing and speed at which Shanghai’s logistics sector will fully reopen after COVID lockdowns is making it difficult for US shippers and forwarders to plan for the second half of the year.
Chassis shortages are disrupting rail ramps in Chicago for the second consecutive year, but cargo flow through other inland markets outside the Upper Midwest is more fluid than a year ago.