The ripple effects from the Ever Given—the containership that was stuck in the Suez Canal a few weeks ago—will continue to be felt in trade lanes around the world for a month or two. We were already taxing the global transport system beyond its limitations when the grounding in the Suez Canal occurred. The delay…
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The Canadian Union of Public Employees (CUPE), Local 375, has given a 72-hour partial strike notice to the Maritime Employers Association (MEA) at the Port of Montreal beginning April 13, 2021. All terminals at the port will be impacted. The following actions are taking place until further notice, Starting April 13th at 6:00 pm, the…
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The Commodity Classification Standards Board (CCSB) has announced a series of National Motor Freight Classification (NMFC) changes effective, April 10, 2021. Many items have been cancelled as obsolete, new items numbers have been added, and certain classes—based on density—have been changed. These changes may impact anyone with less than truckload (LTL) shipments of certain commodities…
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The Ever Given is no longer blocking the Suez Canal, but the ramifications left behind in its wake will be felt for weeks and months to come. During the week-long problem, over 400 vessels were scheduled to move through the canal. Some vessels were rerouted around Africa via the Cape of Good Hope and will…
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Updated: March 29, 2021—Ever Given has been refloated and is being inspected. Transits are expected to start later this evening. It is still unclear if any vessels will be prioritized for passage but the current backlog should be cleared within four days, according to Hapag-Loyd. Original post: March 24, 2021—A mega ship, the MV Ever…
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The equipment crisis in India has reached a new peak. Specifically for inland points, there is an acute shortage of containers to load at any rate level. There is also a severe supply and demand imbalance, and this is expected to continue through at least April. The following are a few significant trends surfacing in…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective April 15, 2021. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian portsEffective April 15, 2021 Equip.USD20 ft$90040…
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Air freight capacity has remained consistently tight following the Lunar New Year holidays in Asia. The China to Chicago lane is particularly congested. A long-term forecast indicates there will be high demand into the third quarter, however, with the return of more passenger flights, capacity should increase. As more people around the world get vaccinated, and…
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The Transpacific Maritime Conference (TPM), sponsored by the Journal of Commerce, was held virtually last week for the first time since its inception over 20 years ago. Normally held in Long Beach, CA, within view of the port complex, the event normally attracts more than 2,500 people annually. It also ushers in the unofficial start…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective April 1, 2021. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian portsEffective April 1, 2021 Equip.USD20 ft$90040…
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