📦📈 Container imports are on the rise, and it’s shaping up to be a big year for global trade! 🌍 According to the National Retail Federation (NRF), January 2025 is forecasted to bring in 2.2 million more TEUs compared to January 2024. 🚢
Containers Are Lost At Sea
Severe weather is disrupting shipping routes around Africa, forcing containerships to halt their journeys around the Cape of Good Hope. With waves over 30 feet high and powerful winds, vessels are seeking shelter from the cyclone’s wrath. Since over 600 ships navigate these treacherous waters, the impact on global cargo movement is set to increase. Continue reading to stay informed on how this could affect international trade.
Container Rates Still Rising
Different global factors have contributed to the rise in container rates, including the scarcity of available space. Along with the Panama Canal drought and the US-China trade war, the Red Sea crisis significantly adds to the surge.
Incoming Container Fee Disputes
The FMC is expecting a surge in container disputes due to the rerouting of shipments to other ports. Shippers that rely on the Port of Baltimore will soon have to pay extra to have their imports enter through different ports.
Shipping In The Mississippi River
Shipping in the Mississippi River is vital to the U.S. economy, bringing in over $405 billion annually.
U.S. Short Sea Shipping
Short-sea shipping in the Great Lakes region can have significant advantages with the volume of freight that passes through.
ILWU and PMA Reach Deal as Disruptions Calm
Disruptions in numerous West Coast ports across the U.S. may soon subside with a deal reached between both parties. ILWU workers and the PMA (Pacific Maritime Association) have negotiated a new contract for the past 13 months.
What Are Cross-docking and Trans-loading Services?
Two solutions that have grown into essential pieces of the supply chain puzzle are cross-docking and trans-loading. Both of these services help streamline supply chains and reduce costs; however, they differ in how they accomplish this. Here you will learn which one is best for your shipping goals.