Weekly Logistics Headlines: Congestion Woes, Spot Rates Decline
A storm system across parts of Oregon, Washington, and the Sierra Nevada has slowed transportation in the region this week. According to FreightWaves, cities like Seattle, Portland, Boise, and Spokane have been affected.
Splash 247 reports that Husky Terminal at the Port of Tacoma has implemented its own excess container dwell fees. The move comes as the Ports of Los Angeles and Long Beach coordinated on controversial surcharges for containers overstaying at terminals.
According to a Transport Topics story, online shoppers are finding more lean inventories on e-commerce marketplaces. Port congestion and delays throughout the supply chain have kept goods from reaching warehouses, distribution centers, and front doors.
After a year of record-shattering growth, container spot rates are trending downward. Splash 247 reports that the spot market is falling sharply now that peak season is over and shippers are focused on securing long-term contracts. Shipping costs overall remain high, however, due to ongoing congestion, surcharges, and more.
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