Ongoing Panama Canal drought continues to impact throughput and transit times

This Week in Logistics Management

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| Logistics Management News · November 15, 2023

Ongoing Panama Canal drought continues to impact throughput and transit times The ongoing drought conditions at the Panama Canal continues to significantly hamper operational throughput on various fronts. At the end of October, data issued by the Panama Canal Authority (ACP) put the current situation into perspective, while also rolling out new operational measures with roughly 50 days (at that time) left in the “rainy season.” Read more.

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Port Tracker report calls for lower U.S.-bound import levels over balance of 2023 The report said that should its projections for the remainder of 2023 come to fruition, the full-year total, at 22.1 million TEU, which would mark a 13.5% annual decline compared to 2022’s 25.5 million TEU, which was off 1.2% annually compared to 2021’s… Read more.

New American Trucking Associations forecast points to continued tonnage and revenue growth In its “ATA Freight Transportation Forecast 2023 to 2024,” ATA said that truck tonnage is pegged to increase to 14.2 billion tons by 2034. While 2034 is more than a decade from now, it is not unexpected to see such a high estimate,… Read more.

Forward Air takes steps to file answer and counterclaim agains Omni Logistics in effort to squash deal Forward Air said that it has filed under seal a counterclaim against Omni Newco LLC in the Delaware Court of Chancery relating to the transactions contemplated by the August 10 merger agreement entered into by Forward, Omni, and certain… Read more.

Descartes’ October Global Shipping Report points to above pre-pandemic volumes From September to October, Descartes reported that U.S.-bound container import volumes increased 4.7%, coming in at 2,307,918 Twenty-Foot Equivalent Units (TEU), which it said was inconsistent with the Peak Season decline that traditionally starts in the August timeframe,… Read more.

Prologis Industrial Business Indicator continues to highlight mixed industrial real estate messages The national vacancy rate remaining low, at 4.8%, compared to a historical expansionary average of 6.1%, even as the pace of new deliveries quickened and added 70 basis point to market vacancies Read more.

National diesel average rises for fifth time in last eight weeks, reports EIA The national average, for the week of November 13, fell 7.2 cents, to $4.294 per gallon, which was preceded by an 8.8-cent decline, to $4.366, for the week of November 6. Read more.

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