Weekly Update: Week 16: April 19th-23rd

Global Container Spot Rates Are No Longer Climbing


Longer Wait Times After Containers Arrive At Port 

On arrival at New York / New Jersey vessels face delays up to 24 hours after arrival, for Oakland the delays are 8 – 12 days.

Freight customer weekly automated updates, and the statuses in Globe show an “Arrival Date.”  This is the estimated date of arrival at the port.  The updates also include an “available” date.  This is an estimate of when orders will be invoiced and subsequently available to the customer.  During standard times, this is 10 days after the arrival date.  Due to long lines at port, high demand for trucking to warehouses, and congestion at the warehouses, the number of days from arrival to availability is often longer than usual.  Please bear with us as we do everything we can to speed the process along.

News to Know

What Wholesalers’ Inventory Depletions Reveal About Industry Recovery.  11 wine and spirits distributor executives share the purchasing trends they are seeing—and how they predict the rebound will play out across the U.S.

Hapag-Lloyd, a German shipping group, puts up half a billion dollars to curb the container shortage, read in the American Shipper here.

Germany introduces a formalized hierarchy of wine based on geography, read the details in Forbes.

Vinepair explores alternative packaging for wine bottles and more.