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Suez Canal Block
Ever Given’s arrest and manifest — and the impact on US importers
The recent arrest of the Ever Given by the Suez Canal Authority has added to the complexity of the unloading of its cargo. While cargo owners deal with this latest legal wrench, American Shipper has learned more specifics about the products stuck on the Ever Given, as well as the overall number of containers that were on the vessels delayed by the Suez closure.
According to supply chain management software provider E2open, the Ever Given is approximately 85% loaded. E2open is tracking about 10%...
https://www.freightwaves.com/news/ever-givens-arrest-and-manifest-and-the-impact-on-us-importers
Second-quarter truckload volumes resemble peak Fourth of July demand
It’s only two weeks into the second quarter, and the volume demands within the North American truckload market resemble the peak demands of July Fourth. This time last year, the spot market rate per mile was $1.75; now, those rates are more than $3 per mile, with tenders up 24% over pre-COVID market levels. These elevated rates and elevated demands are creating network imbalances.
“Carriers are avoiding undesirable lanes right now,” said Mike Rothacher, vice president of strategic accounts for...
https://s29755.pcdn.co/news/second-quarter-truckload-volumes-resemble-peak-fourth-of-july-demand
Viewpoint: Recovering losses due to the Suez Canal blockage
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
By Shruti D. Engstrom, John N. Ellison and Luke E. Debevec
The blockage of the Suez Canal by the Ever Given has given rise to trade and supply chain disruptions for businesses that depend on shipments through the canal.
Policyholders should look to their insurance to determine if they have coverage for these types of losses. Businesses should also carefully review...
https://s29755.pcdn.co/news/viewpoint-recovering-losses-due-to-the-suez-canal-blockage
Port congestion and Suez fallout — Point of Sale
Point of Sale is sponsored by ArcBest. ArcBest is more than logistics. Whatever you do, whatever you ship, ArcBest makes it easier for you to do business. ArcBest combines reliable capacity, innovative technology and trusted relationships to take the complexity out of your supply chain and keep your shipments moving. That’s what makes ArcBest more than logistics.
It’s been 10 days since the Ever Given was freed after blocking the Suez Canal, but the impacts are still just barely beginning to be...
https://www.freightwaves.com/news/port-congestion-and-suez-fallout-point-of-sale
Suez Canal still not back to normal — but it’s getting closer
The Ever Given was freed on March 29. Five days later, the managing director of the Suez Canal Authority (SCA), Adm. Osama Rabie, declared that all the ships blocked by the accident had transited “in record time.” Numerous media outlets reported that the backlog had been cleared. End of story.
Well, not so fast.
If you define “Mission accomplished!” as getting every ship to the other side that was blocked by the Ever Given before it was refloated, it’s over.
If you define success as getting back...
https://s29755.pcdn.co/news/suez-canal-still-not-back-to-normal-but-its-getting-closer
Economic impacts incoming from Egypt — Freightonomics
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The Suez Canal blockage has been a big enough deal to make its way into pop-culture meme references, but Anthony Smith and Zach Strickland have a more serious take on the disaster on this episode of Freightonomics.
Through a macro and microeconomic lens, Strickland and Smith take a look at the real implications of what appears to be yet another roadblock for supply chain and inventory management. America’s warehouses are facing an inventory replenishment crisis, and...
https://s29755.pcdn.co/news/economic-impacts-incoming-from-egypt-freightonomics
Suez bypass: Good luck finding an air cargo alternative
When supply chains break down, one of the first options for time-critical shipments is airfreight. But businesses hunting for air transport to avoid the giant ocean bottleneck in the Suez Canal are in for a rude awakening: There are no spare aircraft.
Take a number and get in line, logistics experts say.
Or pay a premium for expedited service — on top of rates that typically are eight times greater than those for ocean shipping.
“Much of the available capacity has already been committed as we are...
https://s29755.pcdn.co/news/suez-bypass-good-luck-finding-an-air-cargo-alternative
Will Panama Canal avoid Suez-type logjam? Top exec talks differences
The Suez Canal is open again, now that the container ship Ever Given has been refloated. Could the same thing happen to the maritime world’s other shortcut, the Panama Canal?
In this exclusive American Shipper interview, Ricaurte Vásquez Morales, administrator of the Panama Canal Authority (PCA), addressed that question, provided other thoughts on the Suez Canal crisis, and spoke about the volumes moving through the canal and what growth opportunities he sees for 2021 and beyond. He also...
https://www.freightwaves.com/panama-canal-suez-canal-differences-executive-exclusive
US ports, shippers face major fallout from Suez Canal chaos
The mega-container ship Ever Given is finally free. The Suez Canal is unblocked. Problem solved? Not even close. The problems for container lines and shippers have just begun. In the U.S. market, East Coast cargo flows will bear the brunt of the fallout — although it will be felt nationwide.
Most of the containers transiting the Suez Canal move from Asia to Europe. But this waterway also handles very significant volumes from Southeast Asia and India to the East Coast.
Asian containers head to the...
https://www.freightwaves.com/news/us-ports-shippers-face-major-fallout-from-suez-canal-chaos