The Week 16 Freight Market Update sees some relief to the global supply chain as the Panama Canal expects the rainy season to bring canal operations to near normal levels. Challenges, however, remain with potential labor unrest in Canada and vessel closures at the Port of Baltimore. PANAMA CANAL [...]
In this Week 15 Freight Market Update, focus remains fixed on supply chain disruptors and their impact on global logistics operations. PORT OF BALTIMORE The Port of Baltimore is currently in the process of resuming container operations following a temporary shutdown due to the collapse of the Key Bridge. [...]
Supply chain disruptions continue to pose challenges to global shippers. In this Week 14 Freight Market Update, we address the implications of the Taiwan earthquake, Francis Scott Key Bridge collapse operational challenges, and the ongoing challenges posed by low water levels in the Panama Canal. TAIWAN EARTHQUAKE The magnitude [...]
In this Week 13 Freight Market Update edition, we explore significant developments impacting freight operations across various regions. BALTIMORE BRIDGE COLLAPSE Vessel traffic in and out of the Port of Baltimore is suspended indefinitely. Authorities are redirecting all traffic to the Harbor and Fort McHenry Tunnels which both see [...]
In this Week 12 Freight Market Update edition, we explore significant developments impacting freight operations across various regions. PANAMA CANAL Water levels in the Panama Canal are projected to decrease over the next two months, potentially dipping below 80 feet by early April. This decline will likely result in [...]
In Week 11 of 2024's freight market update, we observe ocean carrier alliance announcements for 2024-2025, and provide updates on the situations in the Suez Canal, Red Sea, Gatun Lake, and Panama Canal. PANAMA CANAL & RED SEA Due to the current situation, many ships are impacts by the [...]
In Week 10 of 2024's freight market update, we observe railcar shortages in select regions while container supplies rebound elsewhere. Meanwhile, geopolitical challenges continue to impact freight transit times through the Red Sea and Panama Canal. CONTAINER SUPPLY There is an improvement in China, with main ports fully stocked, [...]
In the freight market update for Week 09 of 2024, we see new FMC rulings and other governmental administrative changes. UNREASONABLE CARRIER CONDUCT The Federal Maritime Commission (FMC) announced a forthcoming final rule on unreasonable carrier conduct during a recent congressional hearing. With fines totaling over $2.8 million in [...]
In the freight market update for Week 08 of 2024, we see continued volatility with some container volumes rebounding. LE HAVRE, FRANCE PORT LABOR Labor disruptions have been scheduled for February 22, 2024, and February 27, 2024. The strikes are expected to impact operations. As a result, the gates [...]
In the freight market update for Week 07 of 2024, we see continued volatility with some capacity constraints. LUNAR NEW YEAR The Lunar New Year kicked-off on February 10, 2024 and will run through February 17, 2024. Expect manufacturers to shut down for 7-14 days - shipment delays are [...]
