Is it the longest congestion ever? Maybe. Great news for one side of the industry and bad news for the other. With container freight rates and port congestion in the worst position compared to 2020 and 2021, the situation doesn´t expect to change until next year, 2023.
Intermodal Industry Reporting a Short Term Decline, End of 2021 Stronger
According to the data provided by the Intermodal Association of North America (IANA), the market saw a decline in Intermodal transportation, reporting a significant decline in September 2021. Read Here
The Unprecedented Demands of the Current e-Commerce Boom
From severe port congestion and equipment shortages to record-setting ocean freight rates, 2020 was filled with unprecedented events, including eCommerce sales.
Ports of L.A. and Long Beach continue to face unrelenting volumes
November brought another month of record-breaking volumes, with the port of Long Beach handling 382,677 inbound TEUs, a 30.5% increase year over year. With a lack of chassis and drayage providers, containers remain stuck at the port, causing severe congestion. This congestion further results in delays in vessels’ berthing and high demurrage fees. Over the past few months, the average dwell time has increased from … Read More