Latest News
- Despite Houthi attacks, oil tankers have continued to use the Red Sea.
- The USS Gerald R. Ford has headed home, and the USS Dwight D. Eisenhower nuclear aircraft carrier has taken its place in the Red Sea.
- Cosco Shipping, China’s largest shipper, has halted routes in the Red Sea.
- These difficulties could increase the cost of everyday goods.
USS Dwight D. Eisenhower, Source: USNI News
Our Weekly Global Supply Chain Update
- Shipping container rates increased last week, with the composite rate per 40-foot container at $2,670, which is up $1,009 from the previous week.
- Global container rates increased week-over-week. The largest increase was from Shanghai to Genoa, which increased $2,222 to $4,178, and from Shanghai to Rotterdam, which increased $1,910 to $3,577.
Source: CMA CGM
Source: CMA CGM
Source: Quora
- Trucking rates decreased by $0.10 week-over-week, with Internet Truckstop’s average equipment rate at $2.30 per mile.
- Geographical trucking rates all decreased week-over-week. The largest decrease was in Mountain Central, which declined $0.19 to $2.28 per mile, and the West Coast, which declined $0.14 week-over-week to $2.13 per mile.
- The aggregate index of most-watched supply chain metrics increased from our last update on 12/27/23 to -0.68 from -0.69, with zero meaning the supply chain is acting normally.
- The Federal Reserve Bank of New York’s Global Supply Chain Pressure Index (GSCPI) decreased in December with a value of -0.15 against the November value of 0.13.
- The index indicates pressure is now trending up almost above the average, suggesting increased supply chain issues.
Tables
