Spot container rates spiked from the previous week as retailers replenished diminished inventories and after capacity has been reduced through dozens of blank sailings in May.
Sunday May 31, 2020
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Bill Mongelluzzo
Bill Mongelluzzo
Bill Mongelluzzo is senior editor with The Journal of Commerce, based in Long Beach, Calif.
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Carriers say container booking cancellations, and the failure of importers and exporters to notify them of the cancellations, are contributing to supply chain disruptions during the coronavirus...
Containerized agricultural exports surged in the first quarter over the year-ago period when China’s tariffs on many US commodities crushed ag exports to China.
Blank sailings are making it difficult for ag shippers and truckers to make appointments for delivering export containers to marine terminals, and they are experiencing additional supply chain costs...
Nearly five months into 2020, US agricultural exporters say their main concerns are logistical issues such as blank sailings in the trans-Pacific, ocean carrier detention and demurrage charges, and...
As the debate rages on between chassis providers and chassis users over interoperability, merchant haulage, and carrier haulage, agricultural shippers and the truckers they hire say they experience...
Cargo interests report a surge in cargo rolling at Chinese ports, which they attribute largely to unprecedented capacity reductions by carriers for this time of year.
The impact of the US–China trade war and COVID-19 has resulted in a 7.8 percentage point drop in China’s market share of US imports from Asia through the first four months of 2020.
Most US ports have sufficient liquidity and debt service coverage, and should be resilient enough to handle at least a 20 percent decline in cargo volume, according to Moody’s Investors Service.
US imports from Asia declined 1.3 percent in April from the same month last year. It was the seventh consecutive month of year-over-year decline in imports in the eastbound trans-Pacific.
Retailers’ forecasts of US import volumes for the third quarter appear to indicate that the peak-shipping season this fall will be disappointing.
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