Latest Industry Happenings and Market Updates:

IMPORT: Asia to North America (TPEB)

Rates: Another wave of general rate increases (GRIs) are planned to be implemented on Jun. 15.

Space: Space has tightened due to both rising demand and, while not as frequent as the past several months, carrier-enforced blank sailings.  
Capacity: Generally speaking, vessel capacity has been better served across the market as demand prompts more utilization.
Equipment: Rising demand and longer vessel transits for outbound shipments from China have led to a crunch in equipment capacity at Chinese ports, notably Ningbo, Dalian, and Guangzhou.

In addition to this market, the equipment deficit has especially hindered Asia-Europe trade.

TIPS:

  • Hold your logistics partners accountable for frequent updates regarding current market conditions and routing impacts.
  • As the market shows indicators of heating up, familiar yourself with the potential hurdles that can occur amid cases of tightened capacity and handling delays.

IMPORT: Europe to North America (TAWB)

Rates: Rates continue to ebb and flow.  
Space: Space is open.
Capacity: Reassuring demand from U.S. importers has prompted better utilization of available capacity.

TIPS:

  • Book at least three weeks prior to the ready date.
  • Keep an eye on East Coast labor uncertainty as a coastwide strike could occur as early as October if no contract is settled between dockworkers and maritime employers.

EXPORT: North America to Asia

Rates: Rates are appearing to level off after an accelerated rise throughout May.
Capacity: Generally speaking, capacity is available, but U.S. export movement can be influenced, even hindered, when more attention is placed on the import market.

TIPS:

  • Insufficient communication with sailing schedules can lead to higher detention and demurrage fees as well as higher trucking and storage costs. Ensure your logistics partners are not keeping you and your cargo in the dark.

Freight News

Transpacific Rates/Capacity Outlook:

Here’s what Interlog is seeing regarding the outlook of the Transpacific lane: 

Key things –

  • Rates are increasing; we expect a GRI on June 15th and possibly July 1st as well.
  • Capacity is tight due to demand.
  • Carriers have issued blank sailings to keep demand and space high.

Check out our blog, The Outlook on Transpacific Ocean Freight for more details.

Need alternative options for your shipments? Click the button below to reach out to our team, or email us directly: support@interlogusa.com and we’ll get you in touch with an Account Manager.

ILA Union Halting Talks with USMX Over Automation Issues

Recent reports have come out stating the International Longshoremen’s Union are halting talks stemming over automation issues. 

The ILA released a statement on June 10th saying, “there’s no point trying to negotiate a new agreement with USMX when one of its major companies continues to violate our current agreement with the sole aim of eliminating ILA jobs through automation.”

They say they will not continue to meet with USMX unless the Auto Gate issue is resolved.

What do you think? Is this a concern of yours? 

NEW: Watch Our Webinar, Special Guest

NEW: FreightFM Episode Ep. 14

Curious how to use data analytics to your advantage? In this webinar we discuss all things data and how they can be used to elevate your transportation. We were joined by a special guest, Antonio Gomez, to discuss this and more in our May 22nd webinar. Take a listen!

Why are produce shipments handled differently? Why do rates/capacity change during seasonal shipping periods? How does this impact non-produce shippers? All those questions and more answered in this episode. 

Did You Know? With Johnny Cargo!

Here’s the answer from last week’s quiz question:

Johnny Cargo sure knows a lot! Other than fun facts, Johnny also can provide insight into InterlogUSA’s many service and pricing options.

He is always available for a quick conversation. CLICK HERE to chat with Johnny Cargo.

Interlog Insights

In last week’s June Insights, we discussed interesting series events in past weeks at the Port of Charleston. Plus the Rhine River in Europe has experienced heavy rainfall/flooding recently, which impacted barge traffic. 

Make sure you sign-up (it’s free), to view our insights in real time every Friday at 10am CST.

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