Imports flow into Port of Los Angeles with ‘window of stability’ open
Following strong May volumes, the port is forecast to handle more than 900,000 container units in both June and July, Executive Director Gene Seroka said.
Following strong May volumes, the port is forecast to handle more than 900,000 container units in both June and July, Executive Director Gene Seroka said.
Industrial real estate vacancy rates are falling in Chicago, Indianapolis, and other key hubs as the frontloading of imports and data center construction drive demand.
The rebates helped reduce overall retail prices by about half a percentage point.
Shippers’ exports will face higher fuel fee percentages, while imports will see lower rates once the adjustment takes place June 22.
Shippers’ exports will face higher fuel fee percentages, while imports will see lower rates once the adjustment takes place June 22.
The Journal of Commerce Breakbulk Shipper Index tracked down again in May to 97, a drop of 26 points since March and two points lower than April.
Federal Reserve Chair Kevin Warsh repeatedly said the central bank’s monetary policy committee will push down inflation toward its 2% goal.
The 4,500-acre inland site in Southern California will serve as a hub where ocean containers are transferred into 53-foot domestic boxes and as a staging point for some international freight.
While freight demand isn’t booming despite growth in imports and manufacturing activity, it’s enough to push transportation pricing higher.
The partnership with China Southern Air Logistics could make Guangzhou a key connection for U.S. shipments to Southeast Asia, Cirrus Global Advisors founder Derek Lossing said.