State of Parcel – Last Mile Report – October 2022
With peak shopping season coming up, check out our latest State of Parcel report for Oct 2022 to see how the on-time performance has been in the month of September.
Market Reports
State of Global Container Shipping Market – October 2022
Retailers worldwide are starting to feel the pain of swollen inventories even as container rates continue their freefall. On the other hand, carriers are increasing the number of blank sailings as demand continues to wane.
Brazilian Coffee Export Bottlenecks are Expected to Decrease
Brazilian coffee production is expected to be low due to extreme weather and the lack of containers caused export volumes to drop. However, inflation pressure may inadvertently help coffee exporters free up supply chain bottlenecks as more container capacity comes online.
Signs of Australian Trade Rebound While New Zealand Still Struggles
In August, key Australian industries reported increased revenue, marked by significant increases in exports and imports. The total TEU capacity of ships arriving at Australian ports reached a two-year high but supply chain problems continue to plague New Zealand.
Supply Chain Impacts of Hurricane Ian
Savannah's port is congested again following the hurricane. Truck volumes dropped then rebounded at major cities in the path of the storm. A shortage of building materials and labor is expected to delay and increase the cost of rebuilding.
Strikes Continue at UK Ports
Strike action recommenced at UK's largest container Port of Felixstowe on Sept 27. Liverpool port workers also on strike for two weeks. Dispute a reflection of the UK's cost-of-living crisis.
State of Global Container Shipping Market
The rolling back of global demand outlines supply chains going into Q4. Spot market rates are in free fall across the main Transpacific trade lane despite it being the traditional peak season. Strikes and potential strikes rampant across the EU/UK and the USA continue.
East & Gulf Coast Port Congestion Enters 5th Month
As we enter peak season, the number of vessels anchored off of the coasts of Savannah, Houston, and New York still do not appear to be reducing. According to project44 data, the number of vessels waiting offshore has been gradually increasing since April of this year.
US Railroads to Reduce Service Ahead of Expected Strike on Sep 16
According to project44 data intermodal container dwell times at the port of Los Angeles are rising. Containers that are dropped off by truck are now waiting 154% longer compared to January 2020.
Will Manufacturing Move Away from China to Avoid Lockdowns?
To see if there is any credibility to the rumors, we looked at the total vessel TEU capacity calling at Chinese ports and compared them with the vessel TEU capacity of its Southeast Asian neighbors, Vietnam and Thailand. So what did we find out?