Written by “Sea-Intelligence, as a result of analysis of U.S. consumption patterns, demand for service goods is higher compared to the average year (2019).” Sea-Intelligence, as a result of analyzing US consumption patterns, revealed that the proportion of consumption for service goods increased significantly compared to the normal year before the pandemic (2019). Looking at the proportion … Continue reading “Large spending on goods not in containers”
“Panama Canal, average transit waiting time eased from 19 days to 11 days… However, it is still above the average level.” The Panama Canal Authority (ACP) announced that the average number of waiting days for transit was 11 days, down from the peak of 19 days, but still above the average level (9 days). Alternative … Continue reading “Logistics: Canal in dire straits”
US consumer confidence index in September was 103, lowest in 4 months… “Reflects anxiety about rising oil prices and interest rate hikes” U.S. September *Consumer confidence index fell to 103, recording the lowest level in four months. This is a level that is significantly lower than both the previous month’s figure (108.7) and the market … Continue reading “US Consumer Confidence Drops to a Four-Month Low on Outlook”
“Costco’s fourth quarter performance exceeded market expectations due to increased food sales and membership subscriptions.” Costco’s fiscal fourth quarter (June 3-September 3, 2023) performance exceeded market expectations due to solid food sales and increased membership sales. In particular, as food prices rose sharply due to inflation, Costco membership, which has the advantage of low prices … Continue reading “Costco tops quarterly earnings expectations, even as sales remain soft”
The United Auto Workers (UAW) began a strike on September 15 against the big three manufacturers, GM, Ford, and JEEP, and has been going on for two weeks. 9/15 The first plants to cease operation were GM’s Missouri plant, Ford’s Michigan plant, and JEEP’s Ohio plant. Afterwards, the three companies’ factories located throughout the country … Continue reading “Auto strike goes up a notch but supply chains yet to feel major impact”
JOC predicts that weak off-season demand will continue until next year’s Lunar New Year and shipping disruptions such as shippers’ rollovers will increase as temporary cancellations by shipping companies expand. Accordingly, it was pointed out that shippers may focus their bookings on shipping companies that maintain punctuality and schedule. Sea-intelligence mentioned that the temporary cancellation … Continue reading ” Aggressive trans-Pac blank sailings likely through Lunar New Year amid freight downturn: sources”