The agreement, lasting until 2025, cements Canadian Pacific’s contract with Hapag-Lloyd, its biggest container line customer and the largest carrier serving Canada, and rewards the railroad’s strategy to build a foothold in eastern Canada.
Port of Los Angeles executive director says greater trucker participation in the two-week-old Return Signal platform will help to mitigate the congestion problems caused by truckers’ difficulty in returning empty containers to the marine terminals.
The Los Angeles-Long Beach port complex has experienced the greatest amount of congestion, owing to record imports from Asia that began over the summer when initial COVID-19-related lockdowns were eased.
A&R Logistics opened a resin packaging plant in Georgia last week more than a month ahead of schedule, and along with its new South Carolina facility will contribute a combined 100,000 TEU of new volume at the ports of Charleston and Savannah annually.
If ship ordering restraint were to be extended pending clarity on zero-carbon ships, the capacity shortage that manifested itself in 2020, and resulting upward pressure on rates, could continue beyond 2021.
The further deterioration in ocean reliability can be seen in vessel bunching this week at the Los Angeles-Long Beach port complex, where 20 container ships were waiting at anchor as of Monday.
The impact of the COVID-19 pandemic on demand in the United States and the Caribbean and Central America caused two-way trade between the regions to contract in the first nine months of 2020.
Automation, self-invoicing bolster traditional third-party payment audit model