December 15, 2020
Tips for Navigating Ongoing Ocean Freight Market Uncertainty
As we have previously shared, ocean shippers have been up against numerous obstacles when it comes to securing bookings and sticking to shipping schedules. The COVID-19 pandemic has set off a chain-reaction of events that has created the challenges, including:
- A sudden increase demand for ocean shipping to replenish global inventories
- Equipment and container shortages
- Cargo backlogs
- Increased cargo rolling
- Reduced staff to handle demand
- Soaring freight rates
Imports into the U.S. are skyrocketing, with the busiest ports, including Houston, seeing up to a 56% increase in volume in October. Around the world, companies and supply chain partners are frantically attempting to keep up an unstable ocean freight market.
As the COVID-19 vaccine begins to enter the market towards the end of the year, it is anticipated that these challenges will continue well into 2021.
To help our clients navigate this tumultuous trade situation, we are offering the following guidance:
- Provide the Carson Freight team with your order/shipping forecast 45-60 days in advance so we can plan and allocate space
- Watch for Carson Market Update emails providing any new or updated information
- Consider multiple 20 FT containers vs 40 FT, as 40 FT containers are becoming more and more scarce
- Our client freight portal allows you to keep updated through the shipment process, and also provide delay notices to keep you informed
Of course, we are also always available directly to support our clients. Please reach out to directly your Carson contact, or get in touch with us here.