containerized freight

Restocking boosts January US port activity

The past few years have brought plenty of questions as to whether the COVID-19 pandemic changed supply chains permanently or, once constraints eased, if supply chains would return to pre-pandemic patterns. Those answers are starting to reveal themselves as the ports release January figures.

The biggest East Coast port, the Port of New York and New Jersey, retained its place as the second-busiest port in the country in terms of loaded imports, only surpassed by the Port of Los Angeles.

On...

https://www.freightwaves.com/news/restocking-boosts-january-us-port-activity

Are ocean spot rates past their peak?

2023 was a challenging year for ocean carriers, especially those that have spot exposure. They have seen significant slashes to revenue and profitability. 

Zim Integrated Shipping (NYSE: ZIM), a carrier with more spot exposure than some of the other large ocean carriers, saw a 61% year-over-year reduction in third-quarter revenue, and earnings before interest and taxes fell by $1.77 billion to a loss of $213 million. The Freightos Baltic Daily Index from China to the North American west coast...

https://www.freightwaves.com/news/have-ocean-spot-rates-passed-their-peak

Port of Los Angeles shines in January

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The Port of Los Angeles’ January import numbers highlight that the inventory glut of 2022 and early...

https://www.freightwaves.com/news/port-of-los-angeles-shines-in-january

Water level projections threaten future Panama Canal transits

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Dry season in Panama is in full swing, and the impacts to trade through the Panama Canal will...

https://www.freightwaves.com/news/water-level-projections-threaten-future-panama-canal-transits

FreightWaves Classics: IMC Companies – drayage-focused for 40 years

IMC Companies' trucks at the ready. (Photo: IMC Companies)

FreightWaves Classics is sponsored by Sutton Transport, an LTL leader in the Midwest for more than 40 years. Sutton Transport proudly services Illinois, Minnesota, Missouri and Wisconsin. Request a quote here.

IMC Companies began as a regional drayage firm in Memphis 40 years ago. Since then, its leaders have developed a national network of drayage companies. IMC Companies leverages its companies’ local expertise, and has built a technology infrastructure that moves containers faster. IMC...

https://www.freightwaves.com/news/freightwaves-classics-imc-companies-focused-on-drayage-for-40-years

SONAR Sightings for Sept. 8: Capacity seems to be able to handle increased volume from Port of Savannah, Georgia

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 watchSavannah, Georgia

Outbound tender rejections in Savannah are bouncing back to start September but are still low in comparison to where they were through the summer.

Since Sept. 1, the Outbound Tender...

https://www.freightwaves.com/news/sonar-sightings-for-sept-8-capacity-seems-to-be-able-to-handle-increased-volume-from-port-of-savannah-georgia

SONAR Sightings for Aug. 30: Port of LA finally catching up, creating increased truckload volume

The highlights from Tuesday’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 watchLos Angeles

As more containerized imports are being shipped to the East Coast in an effort to ease congestion at the West Coast ports of Los Angeles and Long Beach, California, dwell times at the port of...

https://www.freightwaves.com/news/sonar-sightings-for-aug-30-port-of-la-finally-catching-up-creating-increased-truckload-volume

What does East Coast import shift mean for domestic transportation?

Chart of the Week: US Customs Maritime Import TEUs – Port of Los Angeles, Port of New York/New Jersey SONAR: CSTEU.USLAX, CSTEU.USNYC

The volume of TEUs clearing customs at the Port of New York and New Jersey has doubled versus this time last year, while import volumes have been cut in half at the Port of Los Angeles. Cost effectiveness is driving shippers to take advantage of the savings of going directly to the East Coast, where most of the consumption occurs. This action has led to a rapidly...

https://www.freightwaves.com/news/what-does-east-coast-import-shift-mean-for-domestic-transportation

SONAR Sightings for Aug. 25: Maritime imports to New York/New Jersey slip, pulling truckload volumes down with them

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 watchElizabeth, New Jersey

The Outbound Tender Volume Index in Elizabeth is down for the eighth day in a row, falling 10.5 basis points, or 4.1%, since the start of the slump. Containerized imports at the Port...

https://www.freightwaves.com/news/sonar-sightings-for-aug-25-maritime-imports-to-new-york-new-jersey-slip-pulling-truckload-volumes-down-with-them

Freight companies begin sharing capacity data with feds

Containers stacked at marine terminal.

Carriers, shippers and logistics companies have started sharing critical freight capacity information with the federal government in the first data exchange aimed at untangling congested supply chains.

The U.S. Department of Transportation announced the development Wednesday before hosting a meeting of participants in its Freight Logistics Optimization Works (FLOW) program.

If successful, DOT’s initiative would be seen as a significant step toward overcoming long-standing concerns associated with...

https://www.freightwaves.com/news/freight-companies-begin-sharing-capacity-data-with-feds

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