Carrier sources have reported an average berthing delay of two days for regular services and up to five days for ad-hoc vessel calls at both ports, with the problems driven by inadequate drayage capacity.
Highlighting the impact of lower freight rates in its first-quarter financials, Taiwan’s largest ocean carrier recorded a 22% year-over-year drop in average revenue per TEU, to $968/TEU.
Capacity that has been exiting the truckload market since the start of the year isn’t likely to return, logistics experts say, making trucking more expensive for US shippers in the long-term.
