in the past two years, due to the severe congestion at the ports on the west coast of the United States and the continuous strikes by the port unions, a large number of cargo owners have changed their receiving locations to the ports on the east coast of the United States where the congestion is relatively light.

last month, outbound spot vehicle freight rates rose at U.S. East Coast ports, while average freight rates at West Coast portals fell on average. According to relevant data, of the eight East Coast ports surveyed, six West Coast ports still had higher outbound rates, but their average outbound shipper rates fell by an average of $0.1 per mile., That compares with eight East Coast ports at $2.47 a mile-but their weakness suggests excess capacity and reduced freight activity.

the congestion at the ports on the west coast of the United States is completely over, can goods that have been transferred to the east coast return to the west coast?

's logistics survey for those large trade organizations showed that 18 per cent of respondents said they would bring 10 per cent of the goods transferred back to the West Bank, another 12 per cent said they would bring 20 per cent of the goods transferred to the East Bank back to the West Bank, and 12 per cent were more optimistic, saying they would bring 60 per cent of the goods previously transferred to the East Bank back to the West Bank.

ratio lower than the same period last year

East Coast ports. finished vehicle spot rates rose slightly as sea container spot rates fell to pre-pandemic levels, and all outbound rates at US ports were well below year-ago levels, with container traffic expected to continue until at least March. Compared to January 2022, outbound spot rates at West Coast ports are down $1.33 per mile on average, while spot rates at East Coast ports are down $0.9 per mile. Over the past three months, spot prices on the East Coast have fallen by $0.1 per mile, while rates on the West Coast have fallen by an average of $0.19 per mile.

Congestion at U.S. ports declined further factory closures expected to dampen U.S. imports in the first quarter during the Lunar New Year holiday. Most factories in China are expected to close next week due to the Spring Festival holiday, which will last until the first week of February, after which production will take several weeks to resume. Meanwhile, the rebound in spot rates paid by U.S. shippers for complete vehicles could indicate that truck prices have found a bottom.

Jon Payne, director of pricing strategy and analysis at Loadsmart, said: "The market should bottom out, stabilize for a while, and then there's only room to go up." They expect spot market prices to bottom out, level off for a while, and then rise again, most likely at a slow pace.

Forwardernet.com