Yesterday, September 22nd, the Cross-Andes Pass closed for all vehicles due to unstable weather conditions. The weather forecast shows snowfall and low temperatures will remain through September 24th. Please expect delays with cargo moving from Argentina to Chile
Photo: Reuters
ILA update: The clock continues to tick on the contact expiration date and still no news on any breakthroughs in the negotiations. Ocean carriers are limiting some types of bookings but in general it will be business as usual.
The Port of Hamburg continues to experience work stoppage issues not only from the strike repercussions we have previously reported on, but now due to a failed software update that took place Monday morning. Yesterday's update issues resulted in the failure of the Transport Rail (TPR) system at the port.
Market outlook into Q4: While ocean carriers prepare for the potential East Coast strike, they are taking advantage of the opportunity increase rates or apply various surcharges. Surcharge announcements have also been published for cargo destined for the West Coast or Canda ports should a strike occur, based on expected surge of cargo and congestion in these regions. For Europe