Freight Insights for October 2021
Industry conditions will remain tight across all major transportation modes heading into an early holiday season. Trailer orders are ramping up, with orders pushing out until mid-2022 due to raw material shortages.
International Logistics
Freight Insights for September 2021
Fuel prices are expected to rise through the end of October 2021. Shipping trends shift as long-haul averages decline, manufacturing disbursement places pressure on local distribution, and consumption of goods rise as we approach the holiday season. Carriers control the market on all three types of equipment keeping spot rates elevated.
September 2021 International Market Update
An update from Sunset’s International Team: The following information from our friends at JAS Worldwide details the current International market conditions. Customer communication is vital with the instability of international trade. Please read the following updates and we offer the following precautions: Instability and reduced capacity are still having significant impacts on US imports. Increased import…
Shanghai Pudong International Airport flight suspension due to positive COVID cases
Via JAS: After two (2) cases of COVID-19 were detected among personnel at Shanghai Pudong International Airport Cargo Terminal Co Ltd (PACTL), international cargo flights have been temporarily suspended. The first case was detected in one of the two terminal handlers at Shanghai Pudong International Airport (PVG). The second case was detected in a member…
Freight Insights for August 2021
Consumer spending is on pace to increase by 9% in 2021, which would be the highest increase since 1946 on the heels of WWII. Conditions will remain tight across all major transportation modes heading into an early holiday season.
JOC Intermodal Savings Index: 2Q21
The Journal of Commerce (JOC) provides an in-depth quarterly report into the US intermodal market to facilitate conversations between shippers and logistics companies about transportation modal decisions. The JOC Intermodal Savings Index — the Spot Index and the Contract Index — measures how much an average shipper should anticipate saving on the rail versus over-the-road…
Extended COVID lockdown creating delays through Vietnam for foreseeable future
Via Reuters: Vietnam’s extended lockdown, now extended through August 22, has caused significant delays for international trade in and out of Ho Chi Minh City port. After successfully containing the virus for much of the pandemic, Vietnam has been facing a complicated outbreak of the virus, with southern business hub Ho Chi Minh City and…
Houston Port Experiencing Closures and Delays
Via FreightWaves:Port Houston halted operations Tuesday, July 27 at its two main public container terminals due to a “major failure of the storage devices that support all applications used to operate both Barbours Cut and Bayport container terminals”, officials said. Sunset customers who route shipments through Port Houston should expect residual delays. Contact your international…