G4 Logistics News

How to navigate an exceptionally soft peak season

Posted by David G. on Nov 18, 2022 1:30:00 PM

Container imports to US ports have dropped. West coast imports were down 26% in October. As labor issues out west push containers to more stable labor pools in gulf and east coast ports, the average price per container from Asia to the US settles around $3,200 per FEU (forty-foot equivalent unit). Just three months prior we were seeing $8,500 per container. Things are different this year with this 62% drop in container price from August to November (Peak Season). We find a few interesting points when digging deeper to see what this can mean for our clients. 

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Topics: Manufacturing, Distribution Centers, Process, Warehousing, Inventory Control, Secondary Markets