516 words 3 minute read – Let’s do this!
Spring is upon us and so is Q2! Crazy to think that a whole quarter of 2023 is almost gone and tomorrow is St. Patty’s day. I am sorry but wasn’t it just Christmas? Sheesh. One thing that does seem to drag on forever is the conflict between the west coast International Longshore and Warehouse Union (ILWU) and the waterfront employers; they have been in formal talks with employers for more than 10 months. The ongoing negotiations and uncertainties are still a huge turn off for importers to rely on the west coast ports. With the stalled negotiations, there is a possibility for the ILWU to work with the East and Gulf Coast port employers on a new six year deal (the current contract ends at the conclusion of September 2024), but no formal discussions have been scheduled. https://www.joc.com/article/north-american-longshore-labor-talks-span-coast-coast_20230315.html
Reminder: If you made the March 16th noon cut off to join THE MADNESS with Port X Logistics in this year’s March Madness Bracket Challenge, this year’s winner will receive a SWAG BOX with some cool little extras inside.
Password: MADNESS23 https://loom.ly/t8CV9EM
Import TEU Volumes are down this week 25.56% from last week. Experts say things will get better with Q2, but import volumes will still remain well below 2022. The below shows import TEU volumes in Q1 in 2023 are half of Q1 in 2022. With a drop in volume and a drop in ocean and drayage rates, many shippers are back to the negotiating tables, but it is uncertain how long spot rates will remain low.
What is going on at the ports and rails this week?
We got a cool new feature!
For congestion info, chassis availability and capacity times on all US and Canada ports and rails click here! These will be updated every week and found on the Portxlogistics.com website for your convenience. (https://portxlogistics.com/port-rail-updates/)
We are always striving to improve how we roll out our market updates to you, we want to make them as seamless and as easy to read and access as possible. Please drop us a message on how we can improve our updates to fit your needs and improve the relationship between Port X Logistics and our customers Jill@portxlogistics.comMarketing@portxlogistics.com
Did you know? Port X Logistics provides the Proof of Delivery and Invoice on the day of delivery for dray, transload, linehaul shipments? And it can all be obtained by you 24/7 through our platform. We track all containers from origin, provide photos of cargo at time of unload into our warehouse, share our drivers location updates with tracking links, provide proof of delivery immediately at time of delivery and provide your shipment invoice at final delivery. For more information on how we make the magic happen and to get set up with your own login credentials, contact Tom Zeis to get set up with a demo today Tom@portxlogistics.com
Import Volume Charts
