Retailers, manufacturers urge Biden to intervene While Union Pacific lifted that pause Wednesday, ITS Logistics raised its freight rail alert level to "red" this week, representing severe risk. Earlier this week, Union Pacific had to temporarily pause its ramp activity at California ports. Import container activity has been improving, but the processing of exports was still very high on Wednesday. Port operations are critical to both trucks and rails, which are the ground industries impacted if containers cannot move efficiently. On Thursday, Gene Seroka, executive director of the Port of Los Angeles, downplayed vessel delays, saying any anchorage issues at the port had cleared, but spot shortages in labor are leading to "cargos not moving as smoothly or quickly as we would like, that's got to return to normal." He also said there is "pain being felt by the trucker," which moves two-thirds of cargo from ports, "and we've got to get that service right." While overall demand is expected to be relatively muted given the economic environment and slowing consumer demand, West Coast ports have been gaining back volume they lost to East Coast ports over the past year as the uncertainty in the ongoing labor negotiations led shippers to divert activity. These developments come as shipping enters it peak inventory build season ahead of back-to-school and the holidays, a period which runs from July to October. The contents in the containers for Oakland are already behind schedule for arrival. The Vespucci's next stop is Oakland, which also has vessels backed up because of labor issues which led to shutdowns late last week. At the Ports America Terminal, the YM Unicorn has been docked since May 31 and One Hangshou Bay has been docked since June 2. It was later seen circling for a day before the vessel was due at LA, but when the vessel arrived on Wednesday it was turned around, and rescheduled to arrive later in the day.Īt the Port of Los Angeles, the CMA CGN Lyra has been at the dock since May 31 CMA CGM Amerigo Vespucci has been there since June 1. The vessel - carrying products including tires for Tesla, Ikea furniture, Trader Joe's food, European wine, porcelain tile and granite slab - left the Port of Oakland on May 31. One of the vessels that was waiting to enter the Port of Los Angeles on Wednesday was the MSC Jeongmin, whose journey has been documented using CNBC Supply Chain Heat Map data provider MarineTraffic, and was an early example of how the spike in labor issues at West Coast ports was beginning to hit ocean operations. "The ripple effect may be a hard thing to swallow considering that we will have imports sitting idle and exports sitting idle," he said. He said these vessels have yet to be loaded/offloaded and sent away, critical to make room for the next wave of vessels heading to Los Angeles. Adil Ashiq, head of North America for MarineTraffic. "This indicates we've broken past the 'normal' and are back into a stressed maritime supply chain," said Capt. Over the past 2½ months, average wait times at anchorage in LA were between a half-day to 1½ days, with service time averaging of two to five days.Īt the APL Terminals in LA, docked vessels are now occupying space for as many as nine days. Personal Loans for 670 Credit Score or Lowerĭata from MarineTraffic shows that vessel problems are shifting from isolated to more pervasive. Personal Loans for 580 Credit Score or Lower Given how hot the Cubs are right now, a move into first place sometime in the next couple days wouldn't be surprising in the least.Best Debt Consolidation Loans for Bad Credit Louis Cardinals, who start a weekend series with the Cubs at Wrigley Field on Friday, are just four and a half games back of the Brewers. It goes up and down the standings, too, as the Pittsburgh Pirates - who completed a four-game sweep of the Brewers on Thursday afternoon - are just three games back. What was a five and a half game difference between the Cubs and Brewers at the break is now just a one-game gap. While the Cubs have been on their post All-Star break tear, winners of all six of their games since the Midsummer Classic, the first-place Milwaukee Brewers have been on a simultaneous skid, losers of their last five games.īecause of all that, the standings have tightened dramatically. To quote the great Ron Burgundy: That escalated quickly.ĭon't look now, but the Cubs are just a game out of first place in the National League Central standings and could take over first place sometime this weekend.
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