Remaining queues of waiting ships are dwindling, another sign that supply chain pressure is winding down.
Container shipping lines are gradually getting their services back on schedule, but they still have a long way to go.
GCT will sell its terminal operations in Staten Island, New York, and Bayonne, New Jersey, to shipping giant CMA CGM.
Imports remain 7% higher than pre-pandemic levels, with volumes steadying last month after September’s plunge.
East and Gulf coast ports handled more volume than ever before in August, pulling far ahead of West Coast rivals.
Spot container rates for U.S.-bound cargoes are falling fast, yet import numbers at U.S. ports remain near their peak.
California’s container-ship traffic jam is almost gone, replaced by stubbornly high backlogs off the East and Gulf coasts.
Importers have been shifting to the East Coast since 2021, but the full realization of this has peaked over the summer. The shifting import pattern has strong downstream effects for surface transportation providers.
Trucking companies want the FMC to require better container storage data from the ocean carriers to speed cargo flow at the Port of New York and New Jersey.
Spot rates on most global shipping routes continue to fall. The trans-Atlantic market is the exception: It’s holding firm near its high.
