May, 31st 2023
Stay Current with InterlogUSA
Note the above services are where the greatest number of blank sailings are occurring on the transpacific eastbound lane. Other services as well may have announced cancellations or delays.
Please contact us if there is a specific service you are concerned about.
Courtesy: Interlog’s partner RS Logistics provided these schedules.
IMPORT: Asia to North America (TPEB)
• West Coast contract negotiations remain active. The existing labor contract between the two parties expired July 1st, 2022.
• Slow steaming, when carriers deliberately lower the sailing speeds of their container ships, continues to rise as another tactic to reign in the supply and demand imbalance.
Rates: Rates remain low. A few carriers have announced plans to implement a June general rate increase (GRI).
Space: Space is open.
Capacity: Open but carriers are using various tactics to help absorb excess capacity.
Equipment: Available at virtually all inland and coastal points, however, remain diligent with planning as shippers are still reporting demurrage blunders mainly on weekends from a lack of equipment access. Many equipment lessors are only open Monday through Friday.
• Keep a pulse on inventory and be sure to have a logistics gameplan in place for your next orders.
• Pay special attention to how carriers are positioning their operations with this lull in the market.
• Hold your logistics partners accountable on frequent updates regarding blank sailings, rate increases, or any other carrier tactics.
IMPORT: Europe to North America (TAWB)
• A new agreement in France has been reached spelling an end to labor-related tensions that negatively impacted the country’s logistics.
Rates: Rates are continuing to fall heading into June.
Space: Space is open.
Capacity: Capacity is open.
Equipment: Availability on both origin and destination sides, unless advised otherwise.
• Book at least three weeks prior to ready date.
• Rates, while falling, are still high compared to other trades. Carriers still possess a degree of power in the transatlantic over the shipper (as opposed to the transpacific). Keep these dynamics in mind.
• Premium add-ons (i.e., no-roll options and improved cargo reliability) remain assurances shippers should consider with transatlantic service.
EXPORT: North America to Asia
Rates: Rates are low and level.
Space: Space is open but tighter on the U.S. Gulf Coast.
Capacity: Capacity is widely available for all services, however blank sailings are not out of the question for this trade.
Equipment: Availability at virtually all inland points and seaports. However, chassis access remains posing challenges for intermodal movement.
• Book at least two weeks prior to the time of departure.
• Shippers with high volume projects should take advantage of carrier receptiveness to take on these opportunities. Space is wide open with a high acceptance rate.
A Podcast by InterlogUSA: FreightFM Episode 9
Check out our latest episode where some of our team took a company outing to Top Golf, for some team bonding. Listen as some of our team shares what their favorite summer activity is!
FreightFM features short-form video interviews with InterlogUSA’s industry experts offering insights into breaking news, market trends, our company’s history, and more!
In Case You Missed It… Bulker Vessel Wedged Itself in the Suez Canal Last Week
Déjà vu anyone? That’s certainly what it felt like last week when a bulker wedged itself in the Suez Canal.
The vessel was re-floated by tugboats after an hour and 16 minutes and the overall impact was minimal.
How did this happen?
The vessel got caught on the bank across the initial curved section of the canal near Port Suez – very close to where Ever Given became wedged across in 2021.
Read More: The Loadstar
Air Travel This Memorial Day Weekend Sees Success as it Beats Pre-Pandemic Levels
Consumers were out and about more than ever this past Memorial Day Weekend, as air travel increased slightly compared to 2019 pre-pandemic levels.
The Transportation Security Administration (TSA) screened 9.79 million people from Friday through Monday. Friday’s total screening reaching a post pandemic record of 2.7 million people.
Relatively good weather this weekend helped play a role in air travel gains, per FlightAware, as flight delays fell from Memorial Day Weekend last year.
From all of us at InterlogUSA, we hope you all had a safe Memorial Day Weekend.
Schedule Reliability for Ocean Carriers in April Rises Even with Volumes Slightly Decreasing
On the 23 of the 34 global trade lanes, vessel schedule reliability in April edged higher with the on-time performance of ocean carriers approached pre-pandemic levels.
On-time arrival for carriers on the transpacific lane increased by nearly 8 percentage points month-over-month to 50.2 percent. While the Asia-USEC schedule reliability improved 1.7 percentage points to 46.2 percent, per the Journal of Commerce.
Additionally, global schedule reliability continues to see improvements month-over-month, but the strength of those improvements have decreased with each of the months that follow.
Take a look at the graphs below featuring global schedule reliability and global average delays for late vessel arrivals (Jan 2018 – April 2023).
Blogs of the Week
Watch Our May Webinar!
Topics: Transatlantic Trade Lane Updates, Technology: the difference between technology visibility and qualified industry experts to fix/improve each shipment, In the News and Market Updates!
Sign Up For Our June Webinar!
Our next webinar is on Wednesday, June 21st, at 10am CST!
We will be having a guest speaker on our June webinar – you won’t want to miss it!
What is Coffee & Cargo? Every month, our experts sit down to discuss what’s currently happening in the shipping industry. Every so often we are joined by special guests, who share their specific expertise and experiences.
In last week’s insights, we recapped our insights for the month of May.
Topics included: Decreases in container volumes lead to slowdown in activity for drayage drivers out east, transpacific GRIs pressure service contracts, ports continue to volume terminal expansions, and more!
Sign up today so you can exclusively view our June week one insights going out this Friday morning.
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