Rates from Asia to the US remain elevated but continue to settle. An August 15 rate increase has mostly diminished, though it depends on the specific ocean carrier and sailing. There is a wide range of rates in the market, with some carriers offering aggressive levels for specific sailings.
Canada rail operations appear likely to stop effective August 22 as labor contract negotiations remain stalled. The Canadian rails are not accepting new loads, in preparation for the work stoppage. The disruption will cause delays at Canadian ports, and potentially some US ports as well, as cargo routings are shifted.
The major ports of India are bracing for a potential labor strike as well, scheduled to begin August 28. Any work slowdown or stoppage at the ports would cause significant congestion and delays.
On the domestic front, the threat of a coastwide labor strike at US East and Gulf Coast ports effective October 1 remains.
We are watching for developments on all fronts and will provide updates as they are received.
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CV International, Inc.