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.

https://www.supplychaindive.com/news/ocean-shipping-freight-transpacific-rates-capacity-maersk-peak/601255/

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.

https://www.supplychaindive.com/news/US-class-I-railroads-intermodal-efficiency-service-volume-PSR-Q3-2020/588248/

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

https://www.maritime-executive.com/article/japan-s-k-line-apologizes-for-second-cyberattack-in-months

Maersk Warns South China Port Congestion 'More Significant Disruption' Than Suez Canal Closure

https://www.zerohedge.com/commodities/maersk-warns-south-china-port-congestion-more-significant-disruption-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’

https://www.freightwaves.com/news/chassis-and-labor-shortages-stymie-ocean-carriers-class-i-railroads

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