As August 1st approaches, it’s clear that this year’s peak season never truly arrived. Despite ocean carriers’ attempts to raise freight rates through a General Rate Increase (GRI), market conditions simply wouldn’t cooperate. Soft demand, shifting tariff timelines, and volatile policy swings under the so-called “TACO” strategy have upended traditional shipping cycles. Rates for August are now falling, not rising, and with booking volumes down … Read More
U.S. Port Congestion Makes Its Way To The East Coast
New equipment shortages and congestion are evolving on the East Coast as import numbers continue to grow. The increased volume seen in Savannah and New York is in response to the bottleneck in Los Angeles and Long Beach, which shows little signs of letting up.