Strong import quantities remain to block supply chains that are desperately trying to replenish diminished supplies. This continued need for trucking and also intermodal ability at ports stays an obstacle.
The United States has leaned heavily on Asian trading partners, with most of the import quantities are channeled right into ports in Los Angeles and San Francisco. One of the most current reports from C.H. Robinson on the North American Products Market noted that carriers are presently encountering 20-30 day delays, cutting into preparation between Asia and the U.S. The record states that even more import container relocations are being terminated at the port as well as being “cross-docked to a truck versus intermodal/rail for the container action inland.”
Contributing to the hold-ups, vessels are also waiting longer inside the Port of Los Angeles, with approximately 30 container vessels waiting at anchor at any provided time. Fulfillment facilities are also overloaded, and also “when a container is waiting at a storehouse, it’s now sitting for eight days compared to the common three and a fifty percent days during pre-pandemic times,” according to Gene Seroka, executive supervisor of the port.
He expects things to be backed up at a minimum till mid-summer.
Dry van rates went down for the second week in a row, reducing 18% in the top 10 markets. The average spot prices stayed around $2.62/ mile (leaving out gas) for all outgoing shipments, with tight capacity balancing out the lower quantities.
Tons blog posts fell 10% in Memphis, but capacity was limited enough to push prices up from $0.04/ mile to an average of $2.83/ mile, omitting fuel. Harrisburg, PA, was the only other major market to upload higher prices on lower amount of loads.
Both volumes and spot prices were down in Atlanta: Outbound loads fell 13% while prices dropped somewhat by $0.01/ mile to $2.41/ mile. Readily available freight continues to be limited on the West even though posted loads were down 27% in Los Angeles and Ontario, CA. Spot prices were up $0.01/ mile to $2.89/ mile and $2.62/ mile, respectively.
Spot Market projections
After 35 days of increasing area prices, the dehydrated van market cooled recently. Fees crested at $2.42/ mile, leaving out gas, lowering a little at $0.03/ mile from the prior week. Area prices remain up 34% year over year or $0.83/ mile contrasted to the same week in 2020.
