Carriers and forwarders are warning that Vietnam faces a shortage of containers in the coming weeks due to a combination of disrupted sailing schedules, trucking delays, and factory closures.
Tight intermodal rail capacity and a massive wave of US imports are encouraging transloading to trucks and boosting truckload spot rates from Southern California to inland distribution points.
The backlog of vessels outside the ports of Los Angeles and Long Beach is rapidly approaching levels seen during last year’s peak season due to continued explosive imports and inland rail bottlenecks.
The Port of Houston’s two container terminals are expected to reopen tomorrow after software and hardware outages forced the closure of the gates.
Matson said the trans-Pacific continues to see high demand coupled with congestion at load ports, adding that all its premium services look to be nearly full through the first quarter of 2022.
The average price to ship an FEU from Shanghai to Los Angeles hit an all-time record, according to the Drewry World Container Index, and container lines will begin levying another round of surcharges starting as early as Aug. 1.
FMC Commissioner Rebecca Dye on Wednesday made recommendations on how Congress and the agency itself can beef up its enforcement of unlawful detention and demurrage.
The reopening of the US and European economies after last year’s COVID-19 lockdowns spurred a resurgence in the trans-Atlantic container trade as business activity in two of the world’s largest economies showed better than expected growth in May, with increases concentrated at US ports that have undergone major expansions.