• Latest
  • Trending
  • All
Box pendulum swings even more toward East Coast

Box pendulum swings even more toward East Coast

November 23, 2019
Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

April 23, 2024
Top 5 Spend Analysis Software ranked in 2024

Top 5 Spend Analysis Software ranked in 2024

March 1, 2024
How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

January 19, 2024
LATAM Cargo strengthens European cargo links

LATAM Cargo strengthens European cargo links

April 14, 2020
Ford making reusable hospital gowns from airbag materials as efforts against coronavirus expand

Ford making reusable hospital gowns from airbag materials as efforts against coronavirus expand

April 14, 2020
Don’t Sweat NBC’s Decision to Cut Back on Television Ad Inventory

Don’t Sweat NBC’s Decision to Cut Back on Television Ad Inventory

April 14, 2020
Software firms sharpen focus on AI, big data as IT spending drops

Software firms sharpen focus on AI, big data as IT spending drops

April 14, 2020
Navigating turbulent times in your supply chain (TL:DR version)

Navigating turbulent times in your supply chain (TL:DR version)

April 14, 2020
Last Mile Delivery by Drones Market is Booming Worldwide

Last Mile Delivery by Drones Market is Booming Worldwide

April 14, 2020
AIR CARGO MARKET SIZE, SHARE, DEMAND, TREND, LATEST INNOVATIONS & APPLICATION ANALYSIS AND INDUSTRY GROWTH FORECAST 2027 – Science In Me

AIR CARGO MARKET SIZE, SHARE, DEMAND, TREND, LATEST INNOVATIONS & APPLICATION ANALYSIS AND INDUSTRY GROWTH FORECAST 2027 – Science In Me

April 14, 2020
Wheat procurement in Patiala: 6,500 coupons issued to farmers – cities

Wheat procurement in Patiala: 6,500 coupons issued to farmers – cities

April 14, 2020
Pandemic, Plastics And The Continuing Quest For Sustainability

Pandemic, Plastics And The Continuing Quest For Sustainability

April 14, 2020
  • Supply Chain
  • Logistics
  • Warehousing
  • Procurement
  • Shipping
  • More
    • Strategic Sourcing
    • Spend Analysis
    • Inventory
    • Contact Us
No Result
View All Result
United States International Supply Chain Commission
United States International Supply Chain Commission
Home Logistics

Box pendulum swings even more toward East Coast

by usiscc
November 23, 2019
in Logistics
0
Box pendulum swings even more toward East Coast
493
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The momentum within the container sector toward U.S. East Coast ports at the expense of West Coast ports continues to build, according to multiple data sets available on the FreightWaves SONAR platform.

In general, the more popular the East Coast becomes among container lines, the better for trucking demand and the worse for intermodal rail demand.

Trucks deliver volumes westward from East Coast ports that were previously served by transcontinental rail eastward from California. Furthermore, intermodal rail cargo travels shorter distances from East Coast ports westward than it does from Pacific ports eastward.

Customs import data

The most direct way to compare the coasts is through reported port statistics; the caveat is that this is a lagging indicator, as it takes time for port authorities to report those figures.

October data from port authorities confirms that California throughput is underperforming throughput at eastern ports.

A more immediate way to gauge the trend is U.S. Customs import data. SONAR provides a seven-day moving average of maritime import shipments — a shipment being defined as one customs filing.

The latest series of this data set shows customs filings down 18% year-on-year in Los Angeles (SONAR: CSTM.LAX), whereas they have increased 21% year-on-year in Elizabeth, New Jersey (SONAR: CSTM.EWR).

Intermodal rail data

Another way to assess the east-versus-west issue is to analyze intermodal rail moves of loaded 40-foot containers. Multiple rail-car sizes are moved within the system, but the 40-footers are the ones coming off the ships.

Loaded volumes to Chicago are an important indicator of coastal preferences because both coasts have high-volume intermodal rail connections to the Windy City.

Currently, the volume of loaded 40-foot containers moving from Elizabeth to Chicago (SONAR:WORAIL40L.EWRCHI) is up 70% year-on-year. In contrast, the volume from Los Angeles to Chicago (SONAR: WORAIL40L.LAXCHI) is down 33%. This is a clear indication of the trade pendulum swinging eastward.

Freightos container shipping indices

Yet another way to examine the trend is to look at the cost to ship 40-foot-equivalent-unit (FEU) containers by sea. The Freightos Baltic Daily Index tracks that pricing.

Assuming the container transport price is a reasonable proxy for demand, a shift favoring East Coast ports should create more negative pressure on rates from Asia to California than on pricing for the longer route, which transits the Panama Canal and loops up to ports such as Charleston, South Carolina; Savannah, Georgia; Hampton Roads, Virginia; and New York/New Jersey.

The data confirms this indicator, as well. The average price to ship a box from China to the North American West Coast (SONAR: FBXD.CNAW) is down a whopping 44% year-on-year. The rates haven’t performed well to the East Coast either (SONAR: FBXD.CNAE), but they’re less bad — down 31% year-on-year. More FreightWaves/American Shipper articles by Greg Miller  

Editor’s note: Freightos has a business agreement with FreightWaves that includes editorial coverage.

Share197Tweet123
usiscc

usiscc

  • Trending
  • Comments
  • Latest
‘Significant opportunity’ in Asia as supply chain integrates, consolidates

‘Significant opportunity’ in Asia as supply chain integrates, consolidates

January 3, 2020
3 keys to mitigating severe supply shortages from coronavirus disruption

3 keys to mitigating severe supply shortages from coronavirus disruption

March 18, 2020
Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

April 23, 2024
Art Battle Wichita Falls III at The Warehouse, 1401 Lamar.

Art Battle Wichita Falls III at The Warehouse, 1401 Lamar.

0
Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024 – ZMR News Reports

Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024 – ZMR News Reports

0
PHOTOS: Ottawa firefighters respond to warehouse fire

PHOTOS: Ottawa firefighters respond to warehouse fire

0
Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

April 23, 2024
Top 5 Spend Analysis Software ranked in 2024

Top 5 Spend Analysis Software ranked in 2024

March 1, 2024
How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

January 19, 2024
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • DMCA
  • Contact Us

Copyright © 2024 United States International Supply Chain Commission (usiscc.org)

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT
No Result
View All Result
  • Supply Chain
  • Logistics
  • Warehousing
  • Procurement
  • Shipping
  • More
    • Strategic Sourcing
    • Spend Analysis
    • Inventory
    • Contact Us

Copyright © 2024 United States International Supply Chain Commission (usiscc.org)