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Ocean carriers are rerouting vessels to work around tighter Panama Canal draft limits and fewer transit slots. OOCL and CMA CGM have changed services, and Asian port congestion from typhoons is compounding delays.
Container schedule reliability fell to 56.4% in July.
Routing changes and schedule slippage increase freight costs and pressure shipping capacity on trans-Pacific lanes. Some cargo is shifting to West Coast ports, which can affect regional grain freight spreads.
wwd.comGlenn TaylorSep 3, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
