Weekly Logistics News Headlines: Year-End Data, So-Cal Updates
This week’s headlines look back at stories and data from the past year. From rate volatility to air cargo on the rise, these stories show the trends and narratives that we have seen over the last 12 months.
FreightWaves has collected a series of graphs that show sharp upticks in throughput, rates, stocks values, and more for shipping in 2021. This data reveals the volatility that shippers have experienced throughout the year.
The Port of Los Angeles has again announced a delay to the start of its container dwell fee program. Port authorities now say that the fees will begin on Monday, December 27. The announcement claims that both Los Angeles and Long Beach have seen a combined 43 percent decline in long-dwelling containers. At the same time, the queue of ships outside the port complex has ballooned past 100 vessels.
Supply Chain Dive looks back at how air cargo provided emergency relief in 2021 while maritime shipping struggled with backlogs and bottlenecks. The publication has collected six stories that show the important and growing role that air cargo has played in the past year.
The U.S. Department of Transportation has allotted $241 million for upgrades and projects at dozens of domestic ports. According to Transport Topics, this funding will be available immediately as part of a push for short-term alleviation of supply chain bottlenecks. Projects include expansion of rail capacity at the Port of Long Beach, berth construction at Brunswick, GA, and more.
Sign up below for weekly logistics headlines delivered to your inbox.