Week 46 Freight Updates

Special Announcement: CMA CGM expands intermodal surcharge to LA-LB haulage

The tightening of US drayage capacity is most acute in Southern California, where retailers are funneling their imports to meet e-commerce demand and rebuild depleted inventories.

Citing congestion in Southern California, CMA CGM is expanding its $350 emergency intermodal surcharge beyond inland destinations to include all containers moved out of the Los Angeles-Long Beach port complex for local delivery and to area rail ramps.

In a customer notice Monday, the carrier said it will implement the emergency surcharge starting Nov. 30 and Dec. 2 at the ports of Los Angeles and Long Beach, respectively. CMA CGM said, “the charge allows for managing escalating costs in order to continue to provide a proper level of service.”

The emergency intermodal surcharge currently only applies to containers originating from Southern California into nine major inland markets, including Chicago and Memphis. To read the full article, click here.

All of this and more splashed across headlines in this week’s international freight updates. Short on time? Check out our summary of the latest shipping industry news:

LA box signal spikes and charter rates go ‘through the roof’

If you thought the trans-Pacific market was crazy in September and October, buckle up. Containerized import demand is not abating and cargo volumes are now backing up at anchorage.

Airfreight rates climb as peak nears

Airfreight volume fell 8% YoY in September, according to the latest numbers from the International Air Transport Association. But the industry continues to show improvement over its April trough and grew nearly 4% compared to August, which is the fastest pace since May, according to the IATA.

Port Tracker reports another new import record

Another month brought another new record, for United States-bound retail container imports, according to the most recent issue of the Port Tracker report, which was issued today by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.

Surging Asia-Europe spot rates show no sign of slowdown

Average spot rates on the China-North Europe shot up by almost 10 percent this week, and have now reached a level that has not been seen since January 2015. It is a testament to the strong and sustained demand on the trade that has extended the peak shipping season well beyond its traditional end point of China’s Golden Week.

Shipping Gets Together to Reduce Emissions

Shipping industry behemoths are actively joining forces to reduce their environmental impact. It’s a move which could have major implications for shipping moving forward. In its latest weekly report, shipbroker Gibson said that “whilst we all know that one person can have a positive impact on any given situation …

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