Business & Investment

The forecast is that the US drag rate will continue to rise in the first quarter.

Large cargo and tight capacity Expected to continue in most modes in 2022And that trend also applies to the drought at seaports, as reported by transportation software provider BookYourCargo (BYC).

The national drought rate in 2021 is already 51% higher than in 2020, and the momentum will continue until the first quarter of 2022 due to persistent port bottlenecks, low carrier capacity and low availability. Is expected. West Long Branch, a New Jersey-based company, said.

Reasons for backup include disruptive weather patterns and increased consumer spending as a result of the holiday season, leading to port congestion and an increase in overall drought rates, BYC said.

“Los Angeles and Long Beach continue to be the busiest ports in the United States, with 40% of their imports coming from these terminals,” BYC CEO Nimesh Modi said in a release. increase. “Hanuka, Christmas, New Year, and other holidays have caused consumers to spend more time getting gifts on time, and Los Angeles and Long Beach, and other ports that the United States depends on, have this. It was greatly affected by the dramatic influx of commerce. “

Specifically, BYC found that the national drag spot rate in December 2021 was 9% lower than the previous month, but 20.4% higher than the national rate in December 2020. From the previous trendline released in the September 2021 report, When the national drought spot rate for the month was found to be 6% higher than the previous month and 32% higher than September 2020.

“In the last two years, we’ve seen some fatal flaws in our current supply chain system,” says Modi. “As a result, the California Department of Transportation has finally invested in the port, providing LA / LB and Oakland with $ 57.5 million to improve the terminal to improve efficiency and sustainability.”

According to BYC, the Drayage Index tracks data and metrics from both its customers and partners in real time to generate monthly charges dating back to 2016. You can evaluate these charges to accurately predict average loading costs and potential delays over the coming months. Various North American regions.

The forecast is that the US drag rate will continue to rise in the first quarter.

https://www.dcvelocity.com/articles/53555-forecast-says-us-drayage-rates-will-continue-to-rise-in-q1 The forecast is that the US drag rate will continue to rise in the first quarter.

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