FREIGHT MARKET UPDATE | WEEK 13 | 2024

2024-03-28T21:23:27+00:00March 28th, 2024|Freight Market, Freight Talk, Shipping News|

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 more than double the amount of traffic already.

CONGESTION AT LE HAVRE TERMINALS 

Experiencing gate-in congestion. Potential pass-through charges may apply when additional storage and handling is requested.

CANADIAN WEST COAST PORTS  

Facing heavy congestion due to limited Class 1 railcar availability. Expedited rail service in Vancouver is suspended until further notice.

PANAMA CANAL

Water levels are expected to fall to lower levels over the next two months – below 80 feet in early April. Weight restrictions and delays are expected as a result. Some carriers will only accept cargo that weighs less than 8 – 10 tons.

Green Worldwide Shipping’s Freight Market Update covers port information, import and export news, vessel wait time and cargo vessels at major ports & more. For continuous updates, make sure to check out our website at greenworldwide.com.

As Green continues to monitor international shipping news, stay up-to-date on supply chain disruptions by following us on FacebookInstagram, and LinkedIn.

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