Congestion on the high seas — Midday Market Update

MMU 11/24

What maritime markets look like right now

Ocean freight stays hot but will it be impacted by Chinese New Year?

Headlines

The Port of Los Angeles is willing to pay terminals for turning trucks quickly in order to get freight moved through the market. Currently imports far outweigh exports in the Port of LA and Micheal Vincent says this imbalance is a major efficiency killer for port operations. 

U.S. Xpress has released its 2021 economic outlook and the company is forecasting fundamentals from 2020...

https://www.freightwaves.com/news/congestion-on-the-high-seas-midday-market-update

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