Transport & Port Updates – February 2023

Overall

In the wake of the Chinese New Year, there has been little change in rates out of China. European rates are still elevated and have not dropped nearly as dramatically. Nationwide, truck capacity is down and readily available and fuel surcharges remain high.

Regionally

U.S. East Coast – Import: East Coast port congestion has eased.

U.S. & Canada West Coast – Import: Congestion has eased at West Coast ports. January imports are up from December, but preliminary numbers for February indicate lower volumes YoY.

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: Chicago rail delays are still at heightened levels. Trucking capacity is down and readily available.

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.