Insights

As expected, capacity is tightening again on all lanes due to the onslaught of blank sailings announced in the market through the end of the year. We are beginning to see new booking acceptance pushed on average well into mid-December. Reports are circulating that ocean carriers will start releasing additional USIPI capacity as rail congestion eases and local port congestion in Southern California continues to suffer with delays.

In their most recent press release, The Port of Long Beach and Port of Los Angeles announced today that they will delay consideration of the “Container Dwell Fee” directed at ocean carriers until Nov. 22.

Market Conditions – Capacity became easier to secure following Golden Week - unless you were trying to import from India to the West Coast, any origin in Asia requiring transshipment or any destination other than Southern California and a couple of East Coast ports. The Gulf Coast and inland rail destinations are still difficult to secure and continue to require extremely high premium rate levels.