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Port of Long Beach
Port of Long Beach Reports Best Month Ever in July Amid Pent-Up Consumer Demand
The Port of Long Beach posted its busiest month ever in July due to pent-up demand by consumers amid the COVID-19 pandemic. The port said trade increased 21.1% in July compared to the same month in 2019, totaling 753,081 TEUs. The previous single-month record of 752,188 twenty-foot-equivalent units...
Trans-Pacific ‘going crazy’ as demand defies pandemic pessimists
China-U.S. West Coast container rates continue their astonishing climb. Not because of too little vessel supply, but because of too much import demand. U.S. import demand that is not surging despite of coronavirus, but because of it.
“The trans-Pacific eastbound market is going crazy,” exclaimed Nerijus Poskus, vice president and global head of ocean freight at digital freight forwarder Flexport. Current dynamics are unprecedented, he said in an interview with FreightWaves on Wednesday.
“All of...
https://www.freightwaves.com/news/trans-pacific-going-crazy-as-demand-defies-pandemic-pessimists
Trans-Atlantic shipping sinks as trans-Pacific soars
It’s a tale of two oceans for U.S. container imports. Freight rates for Asian exports crossing the Pacific are reaching new heights even as fleet capacity rebounds. Rates for boxes from Europe crossing the Atlantic are sliding even as more ships are pulled from service.
Prior to the coronavirus, the secular shipping pendulum was swinging toward the East Coast ports. Now, the pendulum is swinging back — at least temporarily. The West Coast is seizing a bigger share of U.S. imports in the COVID...
https://s29755.pcdn.co/news/trans-atlantic-shipping-sinks-as-trans-pacific-soars
FMC finds NY/NJ port ‘minimally impacted’ operationally by COVID-19
The U.S. Federal Maritime Commission (FMC) found that the coronavirus pandemic has minimally impacted container shipping operations within the Port of New York and New Jersey compared to what was experienced in the ports of Los Angeles and Long Beach in Southern California the first half of this year.
The FMC conducted numerous interviews with New York/New Jersey port and shipping industry officials as part of its ongoing Fact Finding 29, which the agency launched earlier this year to evaluate...
https://s29755.pcdn.co/news/fmc-finds-nynj-port-minimally-impacted-operationally-by-covid-19
Expedited trans-Pacific LCL filling a growing niche
Major ocean freight consolidators in the U.S. market see no shortage in demand for expedited less-than-container load (LCL) service requests from freight forwarders during the ongoing global pandemic.
These services promise roughly 12-day port-to-port transits between China’s dominant seaports and Los Angeles and Long Beach in Southern California, compared to mostly standard, monthlong ocean transits for eastbound, trans-Pacific container traffic.
Although expedited LCL services are three to four...
https://www.freightwaves.com/news/expedited-trans-pacific-lcl-filling-a-growing-niche
Freightliner electric fleet circles globe 12 times – sort of
Freightliner’s 30 battery-electric trucks get around — like a dozen times around the globe.
That is one way of explaining the 300,000 miles of accumulated driving on drayage runs and a variety of Southern California deliveries.
Or, more practically, it totals 5,660 one-way trips between the ports of Long Beach and Los Angeles to warehousing centers of California’s Inland Empire.
Or 2,500 average local distribution runs, including local and regional haul, and grocery and parcel delivery.
Clearing...
https://s29755.pcdn.co/news/freightliner-electric-fleet-circles-globe-12-times-sort-of
Career Tracks: Virgin Hyperloop hires CFO
Mass transportation innovator Virgin Hyperloop has hired Raja Narayanan as chief financial officer.
Narayanan most recently was a senior vice president for the Hyundai-Aptiv autonomous driving joint venture. Prior to that, he was with OneWeb, leading “the creation of a financially compelling offering for commercial aviation,” Virgin Hyperloop said.
He also was a vice president at Panasonic and led the deployment of a strategic plan for the Internet of Things-based automation of the appliances...
https://s29755.pcdn.co/news/career-tracks:-virgin-hyperloop-hires-cfo
PierPass: OffPeak program diverted 48 million truck trips
PierPass Inc. said Tuesday its OffPeak program has taken 48 million truck trips out of daytime Southern California traffic since its launch 15 years ago.
OffPeak was designed to reduce cargo-related congestion and pollution in and around the ports of Los Angeles and Long Beach by diverting truck trips to night and Saturday shifts funded by the program, according to PierPass, a company created by 12 container terminal operators at both ports in 2005.
PierPass said the number of annual truck trips...
https://www.freightwaves.com/news/pierpass-offpeak-program-diverted-48-million-truck-trips
Sky-high ocean shipping rates may have finally peaked
Ocean container rates remain exceptionally high but may have finally hit their ceiling. Spot rates have not only stopped rising, they’ve pulled back by single digits. Is this a new plateau or the start of a longer-term reversal as liner alliances bring more capacity back online?
The share of idle container-ship tonnage is declining. The number of box ships being chartered by carriers is increasing. Charter rates are on the rise. All of this implies there will be more slots available for...
https://www.freightwaves.com/news/sky-high-ocean-shipping-rates-may-have-finally-peaked