Planned increases in capacity to be deployed by carriers in the fourth quarter on Asia-Europe look impressive, but the extra space is being significantly reduced by port congestion that is delaying ships and upending schedules.
Industry leaders have observed in recent weeks that despite efforts by individual ports to address congestion issues, the biggest impact on fluidity of cargo movements will come from an easing of demand.
Container terminals in the Port of New York and New Jersey will start charging truckers who miss appointments, citing the need to recoup the costs of staging containers for pickup.
US importers are taking bolder action to guarantee capacity in ways that would have been unimaginable in years past, from chartering ships, embracing transloading, and paying more to secure contracted ocean capacity
The two widebody freighters ordered by CMA CGM Air Cargo will expand its direct access to air freight space, most likely in the tightly constrained trade lanes out of Asia.