WEEK 45 MARKET UPDATE

EAST COAST: –

BNSF STRUGGLES PERSIST FOR INTERNATIONAL LOADS IN CHICAGO

Congestion continues at BNSF’s Logistics Park Chicago terminal as chassis shortages have led to prolonged turn times for  truckers using LPC or other BNSF spill over lots. 

GULF COAST IMPORT SHARE GAINS TO OUTLAST ILWU NEGOTIATIONS: PORTS

The Gulf Coast ports of Houston and Mobile are the fastest and third-fastest growing gateways for US imports of Asian  goods as shippers look to diversify away from the West Coast, regardless of the outcome of longshore labor talks. 

PORT HOUSTON TO IMPLEMENT CONTAINER DWELL FEE TO IMPROVE CARGO FLUIDITY

Effective December 1, Port Houston will implement a “sustained import dwell fee” to incentivise cargo movement at the  Barbour’s Cut Terminal and Bayport Container Terminal. Long-dwelling loaded import containers have been contributing  to congestion at the terminals and a shortage of chassis. 

The fee will be assessed directly to BCOs on the eighth day after the expiration of free time. 

WEST COAST: –

LOWER LA-LB IMPORTS HELP BNSF CLEAR DALLAS CONGESTION

With softer import volumes coming from Los Angeles-Long Beach, BNSF has made significant progress clearing the  backlog of ocean containers at its Dallas-area terminal and hopes to restore normal conditions within weeks. 

U.S. IMPORTS STABILIZE, BUT PORT DELAYS CONTINUE TO RECEDE

Port delay reductions did show signs of progress, but major East and Gulf Coast ports still have extended wait times  versus major West Coast ports. Key economic indicators during this period paint a conflicting picture about their impact  on future import volumes and, combined with remaining port delays and the West Coast labor situation, continue to  point to congested and challenging global supply chain performance for the rest of 2022. 

CHASSIS POOLS

CHICAGO – Constrained on 20’ and deficit on 40’ chassis. 

CINCINNATI – Constrained on 40’ chassis. 

CLEVELAND – Deficit 40’ chassis. 

DETROIT – Deficit on 40’ chassis. 

INDIANAPOLIS – Deficit on 40’ chassis. 

LOUISVILLE – Deficit on 40’ chassis. 

NASHVILLE – Constrained on 40’ chassis. 

DALLAS / Ft. WORTH – Deficit on 40’ chassis 

EL PASO – Deficit on 40’ chassis. 

HOUSTON – Constrained on 40’ chassis. 

SAN ANTONIO – Deficit on 40’ chassis. 

BALTIMORE – Deficit on 40’ chassis. 

KANSAS CITY – Constrained on 40’ and 45’ chassis. 

St. LOUIS – Deficit on 40’ and 45’ chassis.

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