Mendres & Flippen Part 2
Last year, the Transpacific was a 'nightmare.' It's only gotten worse.
Rates are rising, reliability is low and there are few signs of the market improving any time soon.
US Class I railroads prioritize PSR, efficiency at the expense of service
When intermodal volume came flooding back in Q3, railroads made trains longer. But results for the quarter show that's not necessarily a recipe for good service.
Panama spread hits all-time high as shippers flee to east coast
Container spot rates jump 23% from China to the east coast
https://www.freightwaves.com/news/panama-spread-hits-all-time-high-as-shippers-flee-to-east-coast
Japan’s “K” Line Apologizes for Second Cyberattack in Months
Maersk Warns South China Port Congestion 'More Significant Disruption' Than Suez Canal Closure
Update on Yantian Congestion – 6/24/21:
https://www.supplychaindive.com/news/yantian-china-port-covid-open-seko-bimco-backlog/602347/
Chassis and labor shortages stymie ocean carriers, Class I railroads
‘We need all parts of the supply chain to be willing to operate 24 hours a day, seven days a week to help keep up with these unprecedented demand levels’
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