Overall
Freight demand has increase slightly over the past month. The consensus among ocean carriers and ports is that there will be a moderate increase in peak-season volumes as holiday goods are shipped. This is expected to provide some support to spot rates through summer and early fall. As of July 27, Drewry’s composite World Container Index increased by 2.5% to $1,575.62 per 40ft container.
Impacts on the U.S. due to the strike at Canadian ports is yet to be seen with a labor agreement still pending.
Regionally
U.S. East Coast – Import: East Coast port congestion has remained minimal.
U.S. & Canada West Coast – Import: Congestion has eased at West Coast ports.
U.S. West Coast – Export: We continue to see gate capacity restrictions and limited rail reservations available at inland points such as Chicago. Carriers are accepting bookings from inland ramps but not in the volume needed in the market.
U.S. Midwest – Inbound & Outbound: Trucking capacity is down and readily available. Rail availability is stable.
For more information, please contact Ronald Vincent, our Director of Logistics.
We are continuing to monitor all lanes, ports, and services to provide you with the best possible service at the best possible price.
M.E. Dey and Co. monitors the market daily to find competitive rates that pair well with exceptional transportation services. We provide fixed-rate contracts in addition to standard market rates. Contact us to talk with a representative or request a quote to get started.