Unique Logistics International

Panama Canal officials predict and end to the drought and a return to normal operations by 2025. A recent downpour has led to an uptick in vessels and more vessels will be welcomed in the coming weeks.

How important is the return of the Canal to normal operations?

https://www.freightwaves.com/news/panama-canals-future-is-dark-and-stormy-much-to-shippers-relief

Panama Canal’s future is dark and stormy, much to shippers’ relief The end of Panama’s dry season is in sight, and the Panama Canal Authority plans to welcome more vessels in the coming weeks.

All air cargo block service agreements from Asia to the US and Europe are sold out for the year, due to the surging e-commerce demand.

The China e-commerce boon has given the air freight market a boost to start 2024.

Is this more than a boost and will air freight see positive growth all year?

https://www.joc.com/article/asian-air-cargo-block-space-sold-out-2024-e-commerce-fills-export-capacity_20240404.html

Asian air cargo block space sold out for 2024 as e-commerce fills export capacity | Journal of Commerce The air freight market is off to a strong start this year with volume out of Asia up 11% in the traditionally slow first quarter while rates rose steadily through March.

Despite several global trade disruptions import volumes at major U.S. ports are expected to reach 2 million total TEUs in May. An almost 6% increase year-over-year.

Major ports like the Port of Los Angeles, Port of New York and New Jersey and Port Houston have reported a rise in cargo volumes in 2024.

Will the rise in import volume sustain throughout 2024?

https://www.supplychaindive.com/news/nrf-global-port-tracker-report-hackett-associates-us-import-volumes/712817/

US import volumes rise despite global trade uncertainty The top 12 container ports are expected to reach 2 million TEUs in May despite ongoing ocean freight disruptions.