US News

TPEB TRADE UPDATED 4-9-21

Dear Client,

 

We are facing a critical time in our industry that has not been experienced for years and it is making it very challenging in regards to the effect on all supply chains.

 

See the below information:

 

  • Equipment shortages in China are being experienced.  Carriers are doing all possible to replenish origins however the imbalance in trade is making this increasingly difficult and it is also very costly to send empties back to Asia.

 

  • Space is extremely short at this time from all China base ports.  The arbitrary origins ports are even worse due to the smaller feeder vessels so trucking from the feeder port to the mainline POL is required in many cases.

 

  • Rates are at an all-time high and continue to increase with premium rates being required in exchange for space.  Even with premium rates there is no guarantee of obtaining space on the requested vessels. 

 

  • The space situation is most critical at this writing to the USEC however the USWC is also problematic.

 

  • For cargo that is needed to the USEC and/or inland locations you may wish to consider discharge on the USWC and then  transloading into domestic trucks to move inland,  as needed,  to keep the cargo flowing.

 

  • We do not expect that this situation will improve in the short term and could last thru August based on all indications at this time.

 

In order to assist you with your imports it is critical that you confirm the bookings immediately when sent so we can work on gaining space as needed.  The space situation changes from day to day due to the overall volume of orders being requested so important to advise ASAP to assist us to gain the space on your behalf.

 

Thanks for your continue support and rest assured we are doing all possible to keep your cargo moving.

 

Sincerely,

EC Capacity/Market Update

Dear Valued Customer;

 

The Trans -Pacific import market remains extremely strong with cargo volume exceeding vessel and container supply.

 

Although West Coast demand continues to exceed supply, the East Coast demand far exceeds the East Coast supply.

Blank sailings, terminal congestions coupled with the continuing increased demand will create  unprecedented international transportation supply shortages to the East Coast.

 

Currently we anticipate blank sailings from Ningbo to the EC during the month of April. We anticipate sailings from other China ports will also be impacted. Our core carriers are advising that EC capacity is  fully booked thru August whereas West Coast capacity is currently booked thru June.

 

We are aggressively pursuing any and all options to minimize the impact to your supply chain, however we anticipate rates to continue to escalate with space becoming the critical issue during at minimum the next 2-3 months.

 

Please insure you are providing your forecast and booking requirement as early as possible to USPTI.

 

Please contact your USPTI representative for any specific details

Market Update Feb 24,2021

Dear Valued Client,

 

We continue to see a very strong market thru the first quarter of 2021 and beyond.  Space, and equipment continue to be scarce due to strong demand up to and immediately after Chinese New Year.

 

It appeared  that there will not be a slow season and the strong consumer demand will continue into the second quarter 2021.  We request that book early and provide forecasts and projections that will assist us to obtain the space and equipment required to service your import requirements.

 

Vessel schedules and service integrity, with all carriers, continues to be a challenge. Terminal and berthing availability continues to be problematic at both origin and destination ports.  Weather has also had some effect on vessels crossing the Pacific Ocean and is currently impacting intermodal rail operations.

 

Freight costs will remain high in view of the space concerns, critical shortages of equipment and overall consumer demand.

 

Please contact your USPTI representative for detailed information or any specific questions

 

Thank you for your support and we look forward to a long term relationship of service.

Trans-Pacific Inbound Market Update

Dear Valued Customer:
As we move through the historical peak season in the Trans-Pacific Import trade, USPTI would offer the following comments related to current and anticipated trading conditions. Overall cargo volume continues to increase.

East Coast With the opening of the expanded Panama Canal, the anticipate potential for larger ships to call East Coast ports has arrived and thus the rates will not be as volatile as West Coast rates. Therefore do not foresee any mid-term space shortage thereby limiting the carrier’s ability to secure substantial rate increase.

West Coast Rates and capacity remain volatile with the potential for mid-term volume to exceed capacity thus allowing rates to potentially increase consistent with supply and demand.

Please note that several external factors may impact the ability to efficiently move cargo in the upcoming weeks:
G 20 meetings will take place in Ningbo on September 4 and 5. Many factories have been ordered to shut down temporarily close to eliminate congestion and pollution. These closures could not only disrupt production but also port operations in both Ningbo and Shanghai.

The Moon Festival Holiday will be celebrated on September 15. One could anticipate early closure and late openings of factories potentially impacting your supply chain.

National Holiday will be observed on October 1. One could again anticipate early closure and late opening of factories impacting your supply chain

We greatly appreciate your support and request you give USPTI a much advance booking notice as possible (preferably two to three weeks prior to required sailing). Your advance booking notice will allow USPTI to evaluate available sailing and rate options (low to high) in an effort to provide you with quality on time transportation consistent with your delivery requirements.

Please contact your USPTI representative with any questions.
Again, thank you for your business.

Trans-Pacific Inbound Market Update

As we approach the historical peak season in the Trans-Pacific Import trade, USPTI would offer the following comments related to current and anticipated trading conditions. Overall cargo volume is increasing at a rapid pace.
East Coast With the opening of the expanded Panama Canal, we anticipate the potential for larger ships to call East Coast ports and thus the rates will not be as volatile as West Coast rates. Therefore do not foresee any mid-term space shortage thereby limiting the carrier’s ability to secure substantial rate increase.

West Coast Rates and capacity remain volatile with the potential for mid-term volume to exceed capacity thus allowing rates to potentially increase consistent with supply and demand.

We greatly appreciate your support and request you give USPTI a much advance booking notice as possible (preferably two to three weeks prior to required sailing). Your advance booking notice will allow USPTI to evaluate available sailing and rate options (low to high) in an effort to provide you with quality on time transportation consistent with your delivery requirements.

Please contact your USPTI representative with any questions. Thank you for your business.

U.S. durable goods orders tick up in March

New orders for manufactured durable goods grew 0.8 percent to $230.7 billion in March 2016 following a revised 3.1 percent monthly decrease in February, according to data from the United States Census Bureau.
New orders for manufactured durable goods in the United States ticked up in March 2016 after falling in three of the last four months, according to an advance estimate from the United States Census Bureau.

Durable goods orders grew 0.8 percent to $230.7 billion for the month following a revised decrease of 3.1 percent monthly decrease in February. January durable goods orders showed 4.3 percent growth, but came on the heels of a 4.6 percent decrease in December 2015 and a 0.5 percent decline in November.