This week, the Port of Los Angeles experienced a 12% year-over-year increase in container units handled in April, marking nine consecutive months of growth, while SC Ports resumed most operations following a software malfunction, with normal cargo flow expected to take a week or more to restore. Concurrently, DP World launched an innovative intermodal rail service to transport finished vehicles from Mexico to the U.S. and Canada, addressing capacity shortages in the automotive logistics sector. Meanwhile, Maersk Air Cargo is preparing to deploy its first Boeing 777 freighters for the peak season, enhancing its logistics capabilities amidst growing demand. Lastly, the U.S. Trade Representative proposed new tariff modifications on Chinese imports, aiming to address unfair trade practices and potentially disrupting supply chains further. Read the full articles for comprehensive coverage on these developments.
Weekly Freight Report: May 24, 2024
May 24th, 2024
USTR Issues Federal Register Notice on Section 301 Proposed Tariff Modifications and Machinery Exclusion Process
The U.S. Trade Representative, Katherine Tai, has proposed modifications to tariffs on certain Chinese products and established an exclusion process for machinery, aiming to address China’s unfair trade practices and encourage reform.
DP World launches Mexico-to-U.S. Intermodal Rail Service
Global container terminal operator DP World is launching an intermodal rail service to transport finished vehicles from Mexico to the U.S. and Canada using innovative 53-foot containers with racking systems, addressing capacity shortages in the automotive logistics sector.
Maersk Airline Prepares to Deploy First 777 Freighters for Peak Season
Maersk Air Cargo is preparing to expand its fleet by deploying its first two Boeing 777 freighters for the peak season, enhancing its logistics capabilities with new air cargo gateways and innovative solutions amidst growing demand and capacity constraints.
Port of Los Angeles Cargo Rises 12% in April; Up 25% in 2024
The Port of Los Angeles experienced a 12% year-over-year increase in container units handled in April 2024, marking nine consecutive months of growth, with total TEUs processed in the first four months of the year up nearly 25% from 2023, reflecting a robust recovery and efficient operations post-pandemic.
Shippers Fight for Allocations as Early Peak Season Hits Asia-Europe
Shippers on the Asia-Europe trade route are struggling to secure their usual shipping allocations due to higher-than-expected demand, early peak season, and port congestion, leading to tighter capacity and rising rates.
SC Ports Resumes Most Operations, But Recovery Just Beginning
SC Ports has resumed most operations after a software malfunction forced the closure of truck gates at Charleston’s marine terminals and two inland ports, but the recovery process to restore normal cargo flow is expected to take a week or more.
