Global Forwarding’s Post

Following a relatively even-keel performance towards the end of September, the start of October was marked by an 8% decrease in container throughput at the country’s ports – from a daily average of 8 072 to 7 384 week-on-week. According to the last Cargo Movement Update, port operations were mainly constrained by inclement weather conditions, equipment breakdowns and shortages.

Far East to EU volumes are exceeding last year’s volumes 📈. Blank sailings have been caused due to Cape of Good Hope (COGH) routings and port congestion in Asia🌍🚢 .To address this, a few extra loaders were added to in the second half of July to compensate for downsized vessels and the extra transit time caused by COGH routings ⏳. Spot rates: Rates continue to rise, but likely to plateau this August 📦📊. Fixed rates: Limited named account allocation. No new long-term rates since May. Existing customers are prioritized 🔒🤝. Equipment Situation : While carriers have improved equipment supply, there are still some shortages📉. High-paying contracts get priority 💼💰.

Lets know about something related to expense in the context of 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀. "𝓛ᴀᴛᴇ 𝚒𝚗 ʟᴏɢɪꜱᴛɪᴄꜱ ᴄᴀᴜꜱᴇꜱ ᴘᴇɴᴀʟᴛɪᴇꜱ" "𝗗𝗲𝗺𝘂𝗿𝗿𝗮𝗴𝗲"in logistics management refers to a charge or penalty imposed by the carrier (such as a railroad or a shipping line) on the consignee (the recipient of goods) for delaying the release of cargo or equipment beyond the agreed-upon time frame. 𝗥𝗲𝗮𝘀𝗼𝗻𝗶𝗻𝗴 :The purpose of demurrage charges is to incentivize timely loading or unloading of cargo, as well as to compensate the carrier for the extra time its equipment or resources are tied up due to delays caused by the consignee(the recipient of goods). 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝗯𝗶𝗹𝗶𝘁𝘆 : Demurrage charges can apply to various scenarios, such as: *Delayed unloading of cargo at a port terminal. *Keeping railcars or containers longer than allowed without paying extra. *Failure to return empty containers or railcars within the stipulated time frame. Picture Source: https://lnkd.in/g6SwQ6KD #logistics #supplychainmanagement

21% Share of rail shippers in a TD Cowen quarterly survey who say they have shifted or planned to shift freight to the West Coast because of potential labor-related disruption at Atlantic and Gulf coast ports. SM Resinas

Carriers' continuing injection of additional vessels is paying off with an improvement of overall schedule reliability, but they can't control congestion. Though reliability increased 3.8% to 55.8% - the best so far in 2024 - the average delay for late arriving vessels keeps growing now up to 5.1 days. #schedulereliability #schedules #services #vessels #congestion

Number of the Day 21% Share of rail shippers in a TD Cowen quarterly survey who say they have shifted or planned to shift freight to the West Coast because of potential labor-related disruption at Atlantic and Gulf coast ports.

Rail derailments in the United States, including the 2023 East Palestine train derailment in Ohio, prompted significant scrutiny of the U.S. railroad industry, and resulted in a U.S. Senate committee approving bipartisan rail safety legislation that tightens rules on trains carrying explosive substances. Read more in FTI Consulting's 1Q24 Transportation & Logistics Industry Update: https://lnkd.in/eH7tRTTv #Railroad #Transporttion

#LETSTALKNEWS Stay informed on the latest developments in the transportation industry after the Baltimore port disruption: 👉 Railroads are navigating challenges to keep freight moving smoothly. 👉 Contingency plans are in place, including dispatching additional trains to the port if needed to ensure the coal storage capacity isn’t exceeded. 👉 Norfolk Southern said other East Coast ports can keep freight flowing For the complete article: https://lnkd.in/g9WA6VcQ #supplychainews #logistics #supplychain #letstalksupplychain

🌊 Feeder Squeeze on the Horizon 🚢 A potential feeder squeeze is emerging in the maritime industry. This situation arises from increasing demand and limited vessel availability. The squeeze may impact cargo flow and logistics efficiency. Stakeholders are urged to consider strategic measures to mitigate potential disruptions. 🔗 https://lnkd.in/dsYTCeiq #Operations #Global #logistics #demand #vessels

Rail derailments in the United States, including the 2023 East Palestine train derailment in Ohio, prompted significant scrutiny of the U.S. railroad industry, and resulted in a U.S. Senate committee approving bipartisan rail safety legislation that tightens rules on trains carrying explosive substances. Read more in FTI Consulting's 1Q24 Transportation & Logistics Industry Update: https://lnkd.in/ganBiXpU #Railroad #Transporttion