Dry van spot trucking rates jumped up to 20 cents per mile last week from the prior week in the wake of the cold snap that blanketed much of the South.
Shipping lines are beginning to suspend cargo bookings into Myanmar after a nationwide general labor strike started yesterday to protest the country’s military coup on Feb. 1.
Ports in the Pacific Northwest that offered a routing alternative to congested Southern California ports are now experiencing congestion themselves, including vessel delays on a surge of Asian imports and rail disruptions from the U.S. Midwest due to last week’s storms.
We expect continuing logistics disruption in the U.S. from severe winter conditions that blanketed much of the country last week.
Logistics conditions remain strained, with trucking demand exceeding availability and continued congestion at ports due in part to operating challenges related to the pandemic. Clients are advised to provide expanded lead times on orders to help ensure delivery dates.
The decline in U.S. COVID-19 infection rates has plateaued, with seven-day average daily infections stalling at about 72,000 for the past two weeks.
There were 77,291 new COVID-19 cases in the U.S. yesterday and 2,417 deaths.
The White House commemorated the 50 millionth COVID-19 vaccine dose administered in the U.S., a milestone, with nearly 60% of people over the age of 75 receiving shots. As of this morning, total doses administered exceeded 68 million, with more than 21 million people, 6.6% of the population, fully vaccinated.
In the past month, COVID-19 hospital admissions dropped more than 70%, with the largest drop coming from those 85 years and older.
Pfizer/BioNTech is beginning a study to see whether a third dose of its COVID-19 shot will protect against emerging strains of the virus, a differing approach than Moderna, which recently reconfigured its vaccine to specifically respond to the South African variant.
Pfizer/BioNTech’s COVID-19 vaccine can be stored at standard freezing temperatures for up to two weeks, expanding access to the shot among rural and low-income regions that lack specialized shipping equipment.
The FDA requested more data on an experimental COVID-19 treatment from Merck & Co., delaying the company’s plans to ship supplies before July.
Mexico posted an annual current account surplus for the first time in 15 years last year as imports declined more sharply than exports during the pandemic.
A mass exodus of immigrants during the pandemic is posing an added obstacle to the U.K.’s economic recovery, suppressing economic output and crimping tax receipts.
Australian international airline Qantas pushed back its plan to resume most international flights by four months to late October.
Airlines could burn through as much as $95 billion this year in the wake of extended travel restrictions caused by highly contagious variants of COVID-19, a higher loss than initially predicted by the International Air Transport Association.
Last week’s Plastics Reflections webinar on 2021 Drivers and Trends for the North American Plastics Market can be viewed here.
Market Expertise: M. Holland offers a host of resources to clients, prospects and suppliers across nine strategic markets. To arrange a videoconference or meeting with any of our Market Managers, please visit our website.
M. Holland Company
We will provide further COVID-19 bulletins as circumstances dictate. For all COVID-19 updates and notices, please refer to the M. Holland website.