After a monthlong decline in volumes from Southern California, they begin to tick upward this week, and spot rates from Rotterdam to New York rise 8.4%.
The port of Savannah imported more than 200,000 TEUs in September, and truckload volumes in Denver plunged to a two-year low.
Imports to the Port of New York and New Jersey are down this week, causing the Elizabeth, New Jersey, truckload market to soften. Shipments worldwide are down more than 33% since July 1.
Pennsylvania markets see a drop in volumes but a rise in rejections. Booking volumes for imported maritime volumes are down 11%.
Import market share to LA and Long Beach remains high, but overall imports have decreased.
Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.
Inventory growth has forced companies to change their ordering strategy to a more flexible model.
Shippers book maritime containers well before it turns into trucking and rail freight in the U.S. The relationship between international and domestic freight strengthened during the pandemic and they are both pointing toward a summer slump.
Hear from owner-operators and safety personnel to stay ready for the challenges of the road
