Foreign Trade, the Current State of Logistics (2)

Since the end of September, a cabinet of US$10,000 due to lack of stock has already had a “fever reduction” quantity, but the good times are not long. After Mason experienced no price reduction, the Mason Shipping Container has reached a sky-high price of US$50,000!

Some sellers said that they are looking forward to the price reduction of Mason, but because the manufacturer is also on National Day holiday, the goods cannot be produced at all. When the goods came out, the price of Maison went up again…

For Mason’s sudden price cuts and sudden price increases, it was mainly because Black Friday (November 26) was approaching, many sellers wanted to ship more, Mason’s Auckland route was suspended, Mason’s overtime ferry was seriously congested, and EXX was severely late to open.

At present, only the Mason regular liner can catch up with the peak season, and according to the regular liner schedule and carrying capacity of Mason, the supply is in short supply again, so the price needs to be increased.

In addition to the strong rebound in Mason prices, there is a large backlog of containers in the Port of Los Angeles and Savannah.

According to foreign media reports, as of the 18th, about 200,000 containers in the Port of Los Angeles are still backlogged outside the Port of Los Angeles, and 25% of the cargo on the terminal has been parked for 13 days or more. The current cargo backlog of the Savannah Port in Georgia, the third largest container port in the United States, is also quite serious. Nearly 80,000 containers are backlogged at the port, which is 50% more than usual.

The epidemic has also exposed many long-standing problems in the US supply chain. Take truck loading and transportation as an example.

The ILWU branch president once said: “Workers are willing to work 7 days a week, 24 hours a day, but the problem lies with the truck drivers, but they are not at fault because the drivers do not know where to take the goods.”

The warehouses along the road are almost full, and about 30% of the truck loading appointment time in Los Angeles is not used, that is to say, they are idle.

In addition, California passed a bill prohibiting trucks on the road in 2020, restricting non-standard emission vehicles. This decision caused half of the truck drivers nationwide to be unable to pick up goods from the Port of Los Angeles or Long Beach, and almost half of all trucks owned by private operators. Convoy trucks used to transport containers across the country were turned away.

This is why bulk carriers and domestic trade ships have joined the foreign trade freight camp, but the goods still have not been put on the shelves.

In addition, FedEx needs 90,000 holiday employees this year, 20,000 more than last year. Amazon, UPS and Wal-Mart are also recruiting 100,000 people each.

Leave a Reply

Your email address will not be published.