Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Supply Chain Updates
  • Global News
  • Contact Us
  • Home
  • Supply Chain Updates
  • Global News
  • Contact Us
No Result
View All Result
No Result
View All Result
Home Supply Chain Updates

China to US ocean shipping rates fall 40%

usscmc by usscmc
November 8, 2019
China to US ocean shipping rates fall 40%
Share on FacebookShare on Twitter

Dive Brief:

  • Ocean freight rates from China to the U.S. East and West Coast have fallen year-over-year (YoY) throughout October, favoring shippers as they head into peak season. Rates from China to the East Coast are down more than 22% from the same time last year and down more than 42% to the West Coast as the trade war between the two countries continues.
  • The Ports of Los Angeles and Long Beach and The Northwest Seaport Alliance (NWSA) saw YoY declines in loaded import volume in September, down 2.8%, 0.6% and almost 13%, respectively. The Port of Oakland however did see an almost 3% uptick in volume in September.
  • On the East Coast, the Ports of Virginia and Savannah saw YoY loaded import volume increase about 5% in September.

Dive Insight:

Some of the volume declines on the West Coast are the result of importers continuing “to work down excess inventory from front-loading of shipments in advance of tariffs earlier this year,” NWSA explained in its September volume release. Many retailers and importers decided to stockpile inventory in an attempt to avoid potential tariff increases earlier in the year.

One port bucking the falling volume trend is the Port of Savannah, which experienced its busiest month ever in August. While loaded import volume went down from August to September, it was still up YoY. “We’re seeing an early and strong start to peak season at the Port of Savannah,” Georgia Port Authority Executive Director Griff Lynch said in a statement last month.

The National Retail Federation expects importers to front-load more inventory next month ahead of 15% tariffs on part of list four expected to start on December 15. the organization said earlier this month.

“The strength of retail consumption will push any meaningful slowdown in imports into next year, when the full impact of the tariff wars will be translated into a consumption tax felt by consumers,” Hackett Associates Founder Ben Hackett said in a statement.

Earlier this month, President Donald Trump announced the U.S. will hold off on the tariff hikes originally scheduled for Oct. 15, but Freightos doesn’t expect this to have much impact on freight rates between the two countries.

“As President Trump proved in May, deferrals can be axed at very short notice, making for a mercurial trade environment whereby importers have to assume the worst in order to avoid massive losses,” Eytan Buchman, the chief marketing officer for Freightos, said in a press release emailed to Supply Chain Dive. “Nevertheless, a smattering of optimistic carriers tested the waters with mid-month price increases.”

usscmc

usscmc

No Result
View All Result

Recent Posts

  • Volkswagen Announces Pricing of 25% Equity Stake Sale in Porsche
  • Can software simplify the supply chain? Ryan Petersen thinks so
  • A strategic approach to cost reduction for banks and fintechs
  • Study examines supply chain issues and opportunities
  • Instacart acquires hyper local grocery e-commerce platform

Recent Comments

  • Top 5 Supply Chain Certifications that are in high demand | Top 5 Certifications on Top 5 Globally Recognized Supply Chain Certifications
  • 3 Best Procurement Certifications that are most valuable | Procurement Newz on Top 5 Globally Recognized Supply Chain Certifications

Archives

  • September 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • September 2019

Categories

  • Global News
  • Supply Chain Updates

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor

Pages

  • Home
  • Terms of Use
  • Privacy Policy
  • Disclaimer
  • Antispam
  • Contact Us

Categories

  • Global News
  • Supply Chain Updates
slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor slot gacor slot slot gacor 2023 slot 2023 slot gacor terbaru slot gacor terpercaya slot gacor

Tags

APICS Globally Recognized Supply Chain Certifications IIPMR Certifications International Institute for Procurement and Market Research (IIPMR) ISM Next Level Purchasing Top 5 Supply Chain Certifications top supply chain certifications

Trending

No Content Available
  • Antispam
  • Contact Us
  • Disclaimer
  • Home
  • Privacy Policy
  • Terms of Use

© 2023 www.usscmc.com

No Result
View All Result
  • Home
  • Supply Chain Updates
  • Global News
  • Contact Us

© 2023 www.usscmc.com

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT