The erosion of ocean carrier schedule reliability is one of the glaring by-products of the pandemic induced port congestion. In January, global container vessel schedule reliability fell to 34.9%, the lowest ever recorded, and down 33.5% year over year. The transpacific trade from Asia to the U.S. was substantially affected in January, with reliability sinking to 13.8% to the West Coast (second lowest on record), and 21.5% to the East Coast – also a record.<\/p>\n
The domino effect of vessels departing late from Asia origin ports, and delayed arrivals to U.S. ports of discharge, has led to vessel bunching at the ports, terminal congestion, increased container dwell times, and difficulties in picking up and returning containers.<\/p>\n
Among U.S. ports, LA\/LB is the most heavily impacted by the huge volume surge. Import volumes for week 9 are anticipated to be 153,195 TEU, up 195% over prior year. Week 10 is forecasted at 170,654 TEU, up 489% over previous year. The current market situation is anticipated to continue into the 3rd<\/sup> quarter of this year. There may be some softening in the 4th<\/sup> quarter – but volumes will remain robust.<\/p>\n March 2\u00a0Port Updated:<\/p>\n U.S. West Coast<\/p>\n LA\/LB<\/p>\n Oakland<\/p>\n U.S. East Coast<\/p>\n Rail Operations<\/p>\n Noatum Logistics is working diligently on limiting these impacts for our customers.\u00a0If you have any questions, please reach out to your Noatum Logistics representative.<\/p>\n","protected":false},"excerpt":{"rendered":" The erosion of ocean carrier schedule reliability is one of the glaring by-products of the pandemic induced port congestion. In January, global container vessel schedule reliability fell to 34.9%, the…<\/p>\n","protected":false},"author":9,"featured_media":16077,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[360,358],"tags":[],"class_list":["post-16787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-logistics-market","category-supply-chain-alerts"],"yoast_head":"\n\n
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