container imports

Is Mexico becoming the new China?

Chart of the Week: Import Ocean TEUs Index – China to Mexico, China to USA  SONAR: IOTI.CHNMEX, IOTI.CHNUSA

Import bookings have doubled from China to Mexico compared to the same period in 2019, with the bulk of the increase coming in the past year. By contrast, import bookings from China to the U.S. are up a still-impressive approximately 40%, but nothing like the Mexico figure. What does this mean for the U.S. freight market?

The Inbound Ocean TEUs Indices (IOTI) measure bookings of...

https://www.freightwaves.com/news/is-mexico-becoming-the-new-china

Red Sea cargo diversions could affect 2024 holiday shipping

The current spike in shipping costs caused by ocean carriers routing away from the conflict in the Middle East could seep into longer-term rates if the federal government waits too long to help mitigate potential backups at U.S. ports, according to retailers.

“While many are focusing on the current situation, more challenges will be created the longer these disruptions continue,” said Jonathan Gold, vice president of supply chain and customs policy at the National Retail Federation, testifying...

https://www.freightwaves.com/news/red-sea-cargo-diversions-could-affect-2024-holiday-shipping

DOT’s freight data exchange processing 65% of US container imports

WASHINGTON — The Biden administration’s pick to head the first high-level cabinet office dedicated exclusively to freight is setting a high bar for the value her office will bring to the nation’s freight markets.

Deputy Assistant Secretary Allison Camden (Photo: U.S. DOT)

Allison Dane Camden will lead the U.S. Department of Transportation’s new Office of Multimodal Freight Infrastructure and Policy as the first deputy assistant secretary for the office. 

Camden brings to the office experience...

https://www.freightwaves.com/news/dots-freight-data-exchange-processing-65-of-us-container-imports

SONAR Sightings: Harrisburg, Pennsylvania, gains market share; flatbed rejections nose-dive

The highlights from Thursday’s SONAR reports are below. For more information on SONAR — the fastest freight-forecasting platform in the industry — or to request a demo, click here. Also, be sure to check out the latest SONAR update, TRAC — the freshest spot rate data in the industry.

Market Watch for Sept. 15:Harrisburg, Pennsylvania

Harrisburg, Pennsylvania, has experienced a boom in outbound volume to become the third-largest truckload market in the country by market share.

Outbound volumes are...

https://www.freightwaves.com/news/sonar-sightings-harrisburg-pennsylvania-gains-market-share-flatbed-rejections-nose-dive

FreightWaves Classics: Malcom McDowell’s containership begins first journey in 1956

Malcom McLean in the foreground with a Sea-Land container behind him. (Photo: Maersk)

On this date in 1956 the first commercially successful container ship began its maiden voyage on a route from New Jersey to Texas. The Ideal X and its 58 intermodal containers began a revolution in shipping that is still echoing around the world today.

Background

A McLean Trucking Company patch. (Photo: NC Historic Sites)A McLean Trucking Company patch. (Photo: NC Historic Sites)

Malcom P. McLean recognized the potential to haul motor freight when he was just a teenager. The native of Maxton, North Carolina, purchased his first truck in 1934 and began...

https://www.freightwaves.com/news/freightwaves-classics-malcom-mcdowells-containership-begins-first-journey-in-1956

Ukrainian conflict will lead to more supply chain woes

Chart of the Week: Inbound Ocean Shipments Index, Inbound Ocean TEUs Index – Russia to USA  SONAR: IOSI.RUSUSA, IOTI.RUSUSA

Russian import bookings declined 40% over the past week and will obviously fall further after growing ~64% in 2021 from the previous year, resulting in a 75% increase in goods by value, according to the Census Bureau. This put the imported goods value at its highest level since 2012. This direct economic hit will more than likely be dwarfed by the numerous indirect...

https://www.freightwaves.com/news/ukrainian-conflict-will-lead-to-more-supply-chain-woes

2022 opens with East Coast vs. West Coast battle for truckload capacity

Chart of the Week:  Outbound Tender Rejection Index – Northeastern Region, West Coast  SONAR: OTRI.URNE, OTRI.URWT

The current U.S. truckload market has opened the year with a ’90s hip-hop scene-style battle between the coasts, except this battle is for truckload capacity and not lyrical dominance. The West Coast regional tender rejection rates (OTRI.URWT) have plummeted to their lowest point since June 2020 as carriers rush to Southern California to take advantage of the trucking trifecta of...

https://www.freightwaves.com/news/2022-opens-with-east-coast-vs-west-coast-battle-for-truckload-capacity

White House starts publishing supply chain dashboard

With the U.S. economy relying heavily on clearing out freight bottlenecks up and down the supply chain, the White House on Wednesday started a twice-monthly dashboard featuring key performance indicators to measure progress.

Metrics used in the dashboard, compiled by the Biden administration’s Supply Chain Disruptions Task Force, include ships at anchor at the ports of Los Angeles and Long Beach, cumulative container import volume and retail inventories.

The White House said it plans to publish...

https://www.freightwaves.com/news/white-house-starts-publishing-supply-chain-dashboard

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