Look at ocean freight bookings as a signal that manufacturing orders are increasing.
Trade has been proven time and time again to blow away the bluster of political rhetoric. China’s sleight of hand with its COVID reporting has the WHO accusing China of “under-representing” the severity of cases, and the flow of trade can back up the WHO’s statement.
China’s COVID problem and the impact on the supply chain are not going away anytime soon.
Like all previous maritime boom cycles, things are starting to turn down. That reshaping of trade is creating a misleading message on demand.
Tanker and diesel crisis, looming rail strike and Mississippi drought adding pressure on logistics managers.
The imbalance of the supply chain now is based on human error and port congestion. We know trade is slowing down, but the congestion skews the reality of the pullback in orders.
An increase in vessels calling on the East Coast and Gulf Coast ports is adding to wait times, which increases the delays of materials needed for manufacturers to complete their products or get finished products on store shelves.
A decrease in shipment arrivals as a result of congestion delays is a byproduct of labor strife.
The Port of New York and New Jersey has put off charging ocean carriers for containers left at the port.
The U.S. and European ports are bloated by congestion — and only time can alleviate this situation.
Workers responsible for the transport of goods have pushed back on wage offers in recent months, but the flow of trade is choking in this tug of the purse strings between employers and labor.
The latest whammy? A U.K. port strike could delay deliveries of Guinness.
The Port of New York and New Jersey has announced a container fee on long-dwelling import or export containers, aiming to reduce an excess of empty containers dwelling at the port and free up space for container pickup.
“Peak season” is a term in maritime that really has lost all meaning. Since the pandemic began, the ports have been processing record volumes of containers. Inventories were wiped out when the consumer went on a gluttonous buying binge. Now the bulk buying has stopped along with purchases of furniture and appliances since consumers purchased […]
All the pipes of trade are connected. If one pipe starts to have empty-container constriction, container prices will be influenced across the board.
China’s “dynamic COVID-zero policy” means more government-mandated testing — and more drayage delays.
The buildup of vessels anchored off East and West Coast ports translates to around $30 billion, according to MDS Transmodal.
Contract talks between German port employers and labor union ver.di have bogged down over questions about inflation’s impact on wage increases.
Labor strikes and slowdowns at ports in Germany, Antwerp, Belgium, and Rotterdam, Netherlands, are crippling trade and could trigger more logistical inflationary pressures for U.S. importers and consumers.
Port of New York and New Jersey executive director says the flow of trade originally bound for the West Coast and redirected to the East Coast has been substantial.