US shipping prices have increased across the board! US East Coast has reported 18.5

US shipping prices have increased across the board! US East Coast has reported 18.5

Last week, air freight and express delivery prices increased significantly. A freight forwarder lamented that air freight prices were adjusted three times a week. Currently, the price of general cargo to the United States is 60/61/62, and some quotations are close to 70 yuan and still require warehousing. Not only air freight, but also sea freight has increased in price in the past two days. The freight forwarder said: "The price of American and Sen has increased twice this week."

 

Ocean freight rates have risen sharply. Freight forwarders: They have risen twice this week

 

In recent days, the news of price increase in ocean freight channels has become the focus of attention. Freight forwarders have said that the ocean freight market is now in a mess and the ocean freight rates are abnormal.

 

 

"The prices are very expensive now. From Ningbo to Savannah Port in Georgia, the cost price of 40HQ is 10,500+, and the price from Ningbo to ONT8 is over 1,000, which is double the freight price during the peak season in July and August last year. At the beginning of the year, the sea freight was 9/10/11, and ONT8 was about 680, but now the price of sea freight from the West Coast of the United States is as high as 16.5, 17.5 from the China-US region, and 18.5 from the East Coast of the United States." said an employee of a logistics company's Ningbo branch.

 

 

In the past two days, many freight forwarders have stated that "sea freight prices have increased across the board."

 

In terms of US shipping, the congestion at the Los Angeles and Long Beach ports in the west of the United States has eased somewhat, but the truck frames are still in short supply. The railway network in the Chicago area of ​​the United States is congested due to the congestion at the west port of the United States. Trucks waiting in line at some terminals have to wait for about 2 weeks or even longer, and the arrival time at the port is seriously delayed.

 

The port strike also affects the movement of goods. Montreal dock workers plan to start an indefinite strike on Monday, which may cause indefinite delays in logistics. Affected by this, some companies have suspended local pickups. A freight forwarder notified USP of the situation, and Day & Ross temporarily stopped pickup services for goods shipped to Quebec:

                                                                                                  

Due to the epidemic, Day&Ross will temporarily suspend all pickup services for goods shipped to Quebec from April 23, 2021 (6:00 am Eastern Time).

Due to the increase in provincial restrictions and the sudden increase in freight volume, delivery time in all other provinces may be longer than usual. Please arrange your freight transportation needs in advance if you need it, thank you.

 

Vessel delays and container abandonment are serious. Currently, only about 30% of ships are on schedule, and they just hope that containers will not be abandoned. A freight forwarder said that ship delays are now the norm, and since delays are widespread, shipping companies no longer give delay notices.

 

Due to turnover issues, the price of cabinets is rising rapidly.

 

A freight forwarder said that last week a diamond warehouse (secured storage and safe) at an Atlanta HQ was sold for 13,000 USD, while Matsun might not even be able to get it at 15,000 USD.

 

In stark contrast to the congestion in shipping and the price increase at the end, the profits of related parties have surged. Today, a piece of news has caused heated discussion:

 

"Orient Overseas International recently released its operating results for the first quarter of 2021. During the period, the company's total cargo volume increased by 23.8% compared with the same period last year, and total revenue increased by 96.0% to US$3.018 billion. Capacity increased by 15.0%, the overall load factor increased by 6.2% compared with the same period in 2020, and the overall average revenue per TEU increased by 58.3% compared with the first quarter of last year."

 

7 warehouses are slow to put products on shelves, and a fire broke out at an Amazon operations center in California

 

While shipping prices continue to rise, Amazon warehouses continue to have problems and sellers are slow to get their goods on the shelves.

 

A seller said that the recent logistics situation is frustrating. A small batch of empty shipments was sent out, the arrival time was normal, the signing time was normal, but it has been almost a month since the signing, and the goods have not been put on the shelves yet, and putting them on the shelves has become a distant prospect.

 

Another seller said that there were two batches of goods, one FTW3 and the other IND4, both of which had not been put on the shelves for about half a month after being signed for. Normally it would take 7 days to put them on the shelves, but now it has been delayed for a long time.

 

According to the actual situation of shipments from multiple sellers, the seven warehouses in Europe and the United States, including IND9, IND4, FTW1, FTW3, WRO5, DUS4, and SMF3, are very slow to put products on the shelves. The time to put products on the shelves is far more than a week, and the longest time is even more than a month.

 

One of the reasons for the slow listing is warehouse overflow. According to the latest feedback, Amazon's SMF3 warehouse is seriously overwhelmed. The goods have not been listed for a week after they were delivered, and it is a bit troublesome to make an appointment for direct delivery.

 

 

The freight forwarder notified that due to the recent continuous shortage of manpower and serious warehouse overflow, the probability of SMF3 warehouse rejecting goods has increased, and a large number of direct delivery goods that have been booked are being deleted.

 

Some Amazon warehouses were overwhelmed, and some warehouses had other problems.

 

Last Friday morning, a fire broke out at an Amazon distribution center southwest of Fresno, California, and all employees in the building were evacuated urgently, making the already severe logistics situation even worse!

 

According to foreign media reports, the fire broke out at around 1:45 a.m. Nearly a dozen fire units responded to facilities near the fire.

 

 

Firefighters said they found flames on the third floor of the distribution center and activated the sprinkler system to put out the fire and prevent it from spreading further.

 

Afterwards, the firefighters spent several hours throughout the morning clearing the accumulated water, which shows that the fire was quite large!

 

Witnesses at the fire said they believed the fire started in a robot carrying a pod.

 

In addition to the warehouse explosion, a fire broke out in the operations center, which may have a certain impact on the goods of some sellers.

 

The outbreak in India has caused 12 countries to restrict entry of Indian flights and ports to shut down

 

In addition, the epidemic situation in India is currently in dire straits.

 

Data released by the Indian Ministry of Health on the 25th showed that the country had 349,691 new confirmed cases of COVID-19 compared to the previous day, with daily new cases exceeding 300,000 for four consecutive days, and a total of 16,960,172 confirmed cases; 2,767 new deaths, and a total of 192,311 deaths.

 

India predicted on April 25 that this wave of the COVID-19 epidemic in the country may reach its peak in mid-May.

 

The epidemic in India has been completely out of control in recent days. The current situation in the local area is: corpses are burned in the streets, the rich are fleeing frantically ... It's like "hell on earth". A Chinese girl took a real shot of India's epidemic prevention and showed that apart from the curfew, people have almost no epidemic prevention measures. Business is open as usual, dogs are walked, people gather without wearing masks, and even children ignore the severity of the epidemic. It's terrible!

 

As the epidemic worsens, medical resources in many parts of India are facing collapse and medical oxygen is running out.

 

(Photo source: China News)

 

As the COVID-19 epidemic in India continues to worsen, as of the 24th, 12 countries and regions around the world have restricted flights from India, including Iran, Kuwait, the United Kingdom, Singapore, Canada, Oman and the United Arab Emirates.

 

Currently, many ports in India have been shut down, with more than 50,000 containers stranded. The entire industrial chain of India's cotton processing and export, cotton yarn and fabric production and sales, clothing, and foreign trade has been severely impacted. Not only has the operating rate of textile and clothing enterprises dropped sharply, the number of closures has increased, and the unemployment rate has continued to rise.

 

The "double mutation" virus prevalent in India has also attracted great attention. Zhang Wenhong said that the Indian prevalent virus strain has a double mutation, but it is not the reason why the epidemic is completely out of control.

 

In March, India's social control was relaxed, and various traditional cultural festivals were held many times, completely abandoning social distance measures. When the epidemic first broke out, the government was not active enough in dealing with the epidemic, which led to the further development of the epidemic in April. Even if vaccination is accelerated now, it is too late, and a bigger outbreak is still to come. Only by taking extremely strict public health measures, the government taking resolute and correct responses, and the people's good cooperation can we overcome the current crisis.


USA, Ocean Freight

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