Overall
Freight demand has remained lower and consistent over the past month. The consensus among ocean carriers and ports is that there will be a moderate increase in peak-season volumes as holiday goods are shipped. This is expected to provide some support to spot rates through summer and early fall. However, hopes of a significant demand rebound have dimmed.
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. Preliminary numbers for June indicate lower volumes YoY. The spot rates for Asia-U.S. freight have inched higher slightly. Be aware that labor tensions on the West Coast have increased over the past week with operations ceasing temporarily at some terminals in LA/LB.
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.