Overall
Demand, especially in US container imports has been consistent in line with pre-COVID peak season patterns. The consensus among ocean carriers and ports is that volumes will increase as holiday goods are shipped. This is expected to provide some support to spot rates through early fall. As of November 2, Drewry’s World Container Index increased by 5% to $1,406 per 40ft container.
Regionally
U.S. East Coast – Import: East Coast port congestion has remained minimal.
U.S. & Canada West Coast – Import: Congestion has eased at West Coast ports.
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: Trucking capacity is down and readily available. Rail availability is stable.
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.