Inbound volumes at Southern California are below prepandemic levels as other gateways report sharp declines.The U.S.’s busiest container port complex—Los Angeles and Long Beach—handled 566,522 loaded import containers in November, down 26% from a year earlier.
Ocean carriers are said to be in “panic mode” as bookings from China to North Europe and the US west coast tank, causing FAK rates to plunge to new depths.
To tackle the inefficiencies in last-mile logistics, a growing number of logistics stakeholders are turning to drone technology as it can control operational costs, overcome traffic bottlenecks and reduce vehicular emissions while satisfying the customer appetite for on-demand and instant delivery.
Lower sea freight rates will benefit China’s export-oriented companies in the fourth quarter, which can be a practical driver to stimulate demand in the global market, said analysts and exporters.
The number of containerships queued at the ports of Los Angeles and Long Beach (LA/LB) eased at the end of last week, however, congestion is growing at other US ports and Asia.
In May 2021, shipping lines including Maersk, Zim and MSC will launch a new service called TP23 to connect Vietnam and China with the US East Coast.
Shanghai port posted a new record container volume of 43.5m teu in 2020, retaining the title of the world’s busiest container port for the 11th year in a row.
Container lines are blanking very few sailings in the traditional slack season around Chinese New Year, as they continue to try and cope with unprecedented demand and disruption caused by empty container shortages.