The East & Gulf Coasts port strike lasted only three days, but disrupted supply chains for one month across the United States, including major backlogs. The supply chain mess is believed to have been resolved at the end of October, one month after it began. A rise in port worker wages was agreed to, but port automation remains an unsolved sticking point, with a January 10, 2025 negotiation deadline looming.
Container rates from Southeast Asia are currently about $4,500 per container, and weak demand is expected to reduce that rate to $2,000 – $2,500 by Q2 2025. Those rates are comparable to the pre-COVID period. More information is available here.
You must be logged in to post a comment.