![]() ![]() Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Backhaul: To haul a shipment back over part of a route which it has already traveled a marine transportation carriers return movement of cargo, usually. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. The CNBC Supply Chain Heat Map data providers are global freight booking platform Freightos, creator of the Freightos Baltic Dry Index logistics provider OL USA supply-chain intelligence platform FreightWaves supply chain platform Blume Global third party logistics provider Orient Star Group marine analytics firm MarineTraffic maritime visibility data company Project44 maritime transport data company MDS Transmodal UK ocean and air freight benchmarking an analytics firm Xeneta, a leading provider of Research & Analysis, Data Services and Advisory Services within the global supply chain industry Sea-Intelligence ApS and air and freight logistics provider SEKO Logistics.Your CNN account Log in to your CNN account Given this major increase of waiting containers week over week, we're estimating that waiting times at port will increase by 100% to an average of three or more days." "During the week of May 16, there was an average of 13 container vessels, equaling 100,000-plus waiting container capacity. "In the week of May 9, the port saw an average of two container vessels, equaling 20,000 waiting container capacity," said Alex Charvalias, general manager of MarineTraffic. MarineTraffic says it is seeing a buildup in waiting vessels off of Savannah, which is an indication of demand moving East. This paper provides stylized facts on the extent and geographic distribution of port delays by leveraging a unique data set on maritime transport. While Savannah is green right now, expect a shift to yellow or even red. I believe that though we have seen improvement in the flow of freight from ports nationwide, that may be short lived." "Instead of routing through West Coast ports, more of these shipments are heading to ports on the East Coast, simply shifting capacity issues from West to East. "We are already seeing some front loading, with Asian manufacturers shipping out goods early to mitigate predicted port congestion," explained Pervinder Johar, CEO of Blume Global. The Port of New York and New Jersey has greatly benefited from this trend. The continued congestion on the West Coast has increased the flow of trade to the East Coast and Gulf ports. Union Pacific recently told the Surface Transportation Board it has met almost half of its 2022 goal to hire 1,400 new train crew members. According to Greg Regan, president of the Transportation Trades Department, AFL-CIO, around one-thousand workers have resigned since February. BNSF has been embroiled in a labor dispute over its attendance policy for months. "Some people have been granted two-hour permits to go food shopping but the majority remain under full lockdown."īNSF and Union Pacific serve the Port of Los Angeles. "This gradual reopening greatly depends on the number of cases in your area and building," said Jasmine Wall, general manager of Growth, Marketing & Communications, Asia Pacific, at SEKO Logistics. The gradual relaxing of Shanghai's lockdown is slated to start June 1, but details are vague. Automakers Volkswagen, Mazda, General Motors have also had to scale back production as a result. The company announced its May production for both Lexus and Toyotas would be cut due to the lockdowns. Toyota had to halt production in eight factories in Japan for the same reason. Tesla announced last week it was forced to reduce its vehicle production in its Shanghai because of the lack of parts. The heat map tracks all of the critical pieces within the supply chain: factory capacity, vessel availability, container availability, trucking capacity, port productivity, vessel transit time and rail capacity. A container at rest means inventory issues. Trade is a forward-looking indicator of a country's economic health as well as a company's supply chain. ![]()
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