Q3’21 Outlook: The fallout from underinvestment in logistics — Panjiva

Supply Chain Research

Q3’21 Outlook: The fallout from underinvestment in logistics

Cons. Discr. - Autos 1183 Corp - Forwarders 341 Corp - Ports 881 Corp - Shipping 979 Financing 115 Global 1389 Logistics 476 Mode - Containerized 1472 Mode - Pipeline 33 Mode - Seaborne 1803 Outlook 95 Theme - Canals 132 Theme - Employment 56 Theme - Rates 234 Theme - Shipbuilding 108

The outlook for the logistics sector in the rest of 2021 will be defined by the reduced rate of investment of the past three years. Many ports are still operating at close to peak-season levels, reducing their ability to debottleneck before the forthcoming peak in early Q4’21. U.S. seaborne imports reached 93,300 TEUs per day in June, down by just 4.0% versus May and close to peak season levels. Congestion is declining in California with imports to LA and Long Beach at 116% of 2019 levels in June, down from 136% in May. Yet, many east coast ports are still seeing expanding traffic. Inves...

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