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Freight Updates
CBMA and 2021? According to information provided in a trade association conference call, involving the US Senate Finance Committee, if CBMA is to be extended into next year, it would likely be included in an end of year tax extender bill. Last year the extension was not signed, by the president, until December 20, 2019. The bill has Senate support and we would encourage you to reach out to your state Senator’s office to encourage action to extend the CBMA.
Reefer Availability – France/Spain Reefer availability continues to be an issue. We have been warned, this week, about potential delays from Spain. For the West Coast, we are now experiencing a 2+ week delay in reefer shipments. For the East Coast, delays are approximately 2 weeks. As an alternative, we would suggest you consider insulated containers for East Coast shipments. In the case of LCL shipments, this will not only result in quicker shipment, but the cost per case of an insulated shipment will be reduced by $0.75. We will be reaching out to our customers, who currently have East Coast shipments booked, to see if you would like to change from Reefer to insulated containers. As of this week, we are now experiencing 3 – 4 day delays for release of containers from East Coast ports.
Port Congestion Since late summer the inbound container activity in southern California and the Northeast are showing the complete volume reversal that was the reality of the first half. Container-equipment lessor, Triton International reports demand as “exceptionally strong.” Triton is forecasting strong container demand through at least the early part of 2021. The full article may be found here.
Halloween costume shipping fun facts: Overall, Halloween container related shipping was down 7.2% from last year, Zombie costumes were down 43%, and Vampire costumes were 20% down.
Continued delays affecting LTL reefer trucking. Elenteny preferred carriers, Advantage Transportation and Osborn trucking are experiencing very high demand right now. Coast to coast trucking is taking ~3 weeks for pickups to be coordinated. Local temp controlled trucking via Osborn is currently taking 3-5 business days to collect. We do have alternative solutions that would have to be quoted and will be higher than either of our preferred carriers. Make sure you plan ahead for November and December by ordering early.
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