US port operators brace for tariff blitz if Trump gets second term
US port operators will be focused on the results of tomorrow’s elections, concerned that potential ...
GXO: WINCANTON REGULATORY RISK GXO: PEAK SEASON GXO: WINCANTON STILL A DRAG GXO: FREE CASH FLOW CONVERSION GXO: RETAIL VS INDUSTRIAL TRENDSGXO: WINCANTON UPDATEGXO: CORNERSTONE DEAL SIGNED IN EUROPE GXO: STELLAR THIRD QUARTER GXO: CONF CALL ON THE WAYDSV: DHL READ-ACROSS IN FORWARDINGKNIN: NEW PAINFUL LOWDHL: CONF CALL ENDSDHL: AUTOMOTIVE VERTICAL RISKDHL: DEMAND SURCHARGE DHL: SCHENKER READ-ACROSSDHL: ABOUT GXO LOGISTICS APPEALDHL: ASSET MIXDHL: TELL US MORE DHL: DIVIDEND CONTINUITY DHL: DISAPPOINTING AIR FREIGHT
GXO: WINCANTON REGULATORY RISK GXO: PEAK SEASON GXO: WINCANTON STILL A DRAG GXO: FREE CASH FLOW CONVERSION GXO: RETAIL VS INDUSTRIAL TRENDSGXO: WINCANTON UPDATEGXO: CORNERSTONE DEAL SIGNED IN EUROPE GXO: STELLAR THIRD QUARTER GXO: CONF CALL ON THE WAYDSV: DHL READ-ACROSS IN FORWARDINGKNIN: NEW PAINFUL LOWDHL: CONF CALL ENDSDHL: AUTOMOTIVE VERTICAL RISKDHL: DEMAND SURCHARGE DHL: SCHENKER READ-ACROSSDHL: ABOUT GXO LOGISTICS APPEALDHL: ASSET MIXDHL: TELL US MORE DHL: DIVIDEND CONTINUITY DHL: DISAPPOINTING AIR FREIGHT
Growing congestion fears in Asia are being matched by an apparent resurgence of delays at US west coast ports.
Today’s AIS data shows around 30 ships at anchor in San Pedro Bay, offshore from Los Angeles and Long Beach ports, with Maersk warning customers of severe delays.
Maersk told customers the situation in Southern California had “deteriorated”, with the number of vessels at anchorage doubling over the last few weeks.
Moreover, on the east coast and in the south-east, the carrier said there was a two-week trucking delay to add to container dwell times, with further difficulties in sourcing chassis.
And rail congestion is further exacerbating the delays in US import deliveries and the return of empties to Asia for exports.
According to the Danish carrier, average dwell times in the US have increased by 35%, meaning there is 35% less capacity overall.
“Over the past several weeks we have started to see a rapid increase in the average container dwell time,” said Maersk, adding: “As a related impact, long-dwelling containers is also adding to the growing chassis shortage across much of the Midwest and parts of the north-east.
“Adding to that now are rail car shortages and rail yard capacity limitations that have led to an overall reduction in the number services from the west coast.
“To conclude, in the Pacific south-west, chassis availability once again remains the top theme, with several terminals now turning away bobtails to maximise output. Rail dwells into the Midwest is a growing theme as rail car availability remains limited.”
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