Transport & Port Updates – March 2023
Freight demand has largely declined over the past month. According to the New York Fed, supply chain pressures normalized in February with pressures surpassing the lowest since before the COVID-19 pandemic.
U.S. East Coast – Import: East Coast port congestion has eased.
U.S. & Canada West Coast – Import: Congestion has eased at West Coast ports. Preliminary numbers for March 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.