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What the Ship (Ep93) | Container Imports | Wind Down | Panama Canal | Maersk/MSC | ILA & Ports 

What is Going on With Shipping?
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What the Ship (Ep93) | Container Imports Continue to Rise | Wind Down | Panama Canal | Maersk/MSC | ILA & Ports
What's Going on With Shipping?
Nov 9, 2023
In this episode, Sal Mercogliano - maritime historian at Campbell University (@campbelledu) and former merchant mariner - discusses the Top 5 Maritime Stories as of Nov 9, 2023.
#supplychain #container #containership #panamacanal #maersk #msc #ila #ports
Support What's Going on With Shipping via:
Patreon: www.patreon.com/wgowshipping
Twitter: @mercoglianos
Facebook: @wgowshipping
Email: mercoglianosal@gmail.com
00:00 Introduction
00:50 1. U.S. Container Imports Continue to Rise, Outpacing Pre-Pandemic Levels
gcaptain.com/us-container-imp...
05:18 2. NRF Says U.S. Container Imports Starting to Wind Down
gcaptain.com/nrf-says-u-s-con...
07:15 3. LPG Tanker Pays Record $4 Million for Panama Canal Slot
gcaptain.com/lpg-tanker-pays-...
The Cheapest Toll Ever Paid At the Panama Canal
madaboutpanama.com/cheapest-t...
Gatun Water Level
evtms-rpts.pancanal.com/eng/h...
The McCown Report - Sept 2023
capitallinkshipping.com/wp-co...
17:25 4. Maersk/MSC
Maersk to Reduce Headcount by 10,000 Amid Challenging Market Conditions
gcaptain.com/maersk-to-reduce...
Maersk Slumps After Forecasting Weak Global Trade Until 2026
gcaptain.com/maersk-slumps-af...
MSC’s vintage fleet holds key to liner shipping’s demolition derby
splash247.com/mscs-vintage-fl...
23:08 5. What is Looming on the Horizon
ILA Leadership Warns US East Coast Dockworkers to Prepare for 2024 Strike
www.maritime-executive.com/ar...
US Commits Over $500 Million to Develop Sri Lanka Container Terminal
gcaptain.com/us-investment-sr...
The Container Port Performance Index 2022
file:///C:/Users/Salvatore/Downloads/P1758330d05f3607f09690076fedcf4e71a.pdf
MARAD Awards $653 Million in Funding for Port Improvement Projects
gcaptain.com/marad-awards-653...

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Комментарии : 175   
@macnachten8822
@macnachten8822 8 месяцев назад
Just a reminder Sal, the Edmund Fitzgerald put to sea for the last time today 48 years ago...Ya got anything for her in tribute? Perhaps something about the changes to maritime law and how the changes after the loss of the good ship and crew well seasoned might have saved some of them? You know, the things sailors today take for granted aboard ship.
@mikegallegos7
@mikegallegos7 8 месяцев назад
Thank you very much for an excellent report. (On a 10 score, today's shirt score has been rated a 10)
@geezzzwdf
@geezzzwdf 8 месяцев назад
i agree 50mil is just enough to reseal and stripe the terminal lots in Long Beach geezzz But Thanks Sal.🎉
@mackfisher4487
@mackfisher4487 8 месяцев назад
My family had a personal connection with the Fitzgerald's, as a little kid talking to Mrs. Fitz I learned of the impact to her husband who was not in the greatest of health at the time of the loss of ore carrier. I still like to listen to Gordon Lightfoot - "Wreck Of The Edmu nd Fitzgerald" Thanks @macnachten8822 for the reminder
@tiredoldmechanic1791
@tiredoldmechanic1791 8 месяцев назад
It doesn't seem like that long ago. Time seems to pass more quickly as I age. Technically, the Edmund Fitzgerald never put to sea. It lived it's life on the Great Lakes and never touched salt water. Probably the only change since the sinking has been some improvement in weather forecasting, reporting, communications and GPS. There was another even larger and far more deadly storm that hit the Great Lakes hardest on November 9th 1913. 19 ships were lost and over 250 people died.
@cheddar2648
@cheddar2648 8 месяцев назад
_does any man know where the love of God goes when the waves turn the minutes to hours_ Those lyrics touched my soul.
@AC-jk8wq
@AC-jk8wq 8 месяцев назад
Great episode Sal! Panama Canal has a bunch of interesting facts… and a few related smart people… 1) It is well known that the Panama Canal was built ahead of schedule, below budget, and with no corruption. If any one person can be credited for this achievement it is George W. Goethals, the project's chief engineer, 1907−15. 2) John Frank Stevens, (born April 25, 1853, near West Gardiner, Maine, U.S.-died June 2, 1943, Southern Pines, North Carolina), American civil engineer and railroad executive who, as chief engineer of the Panama Canal from late 1905 to April 1907, laid the basis for that project's successful completion. Col. John Stevens’ dad… Edwin A. Stevens….. started a technical school across the river from Manhattan… If you are familiar with this school… it is called Stevens Institute of Technology in Hoboken, NJ A great place to learn your project engineering skills…. 😃
@harryd9579
@harryd9579 8 месяцев назад
"If you're going to spend money, you're going to spend in on your ass." LOL
@rudijoris9555
@rudijoris9555 8 месяцев назад
I love that Lego globe!!!!
@jackkohler1392
@jackkohler1392 8 месяцев назад
One of your best ever!!! So comprehensive and well thought out! When I was in SriLanka (Colombo) I saw the immense new harbor and port that the Chinese had built and financed. It left Sri Lanka with a huge debt (which the Chinese are renegotiating terms of payment on as Colombo threatened default), so it doesnt surprise me that we are trying to thwart the Chinese influence by offering dollars to enhance their port/storage facilities and thus disrupt the Chinese Belt and Road. I totally agree that its shameful that the US hasnt modernized and automated our ports and in general improved our own infrastructure. Near shoring will not dramatically change the need for better and more modern ports...this is something that should have happened when we first opened the doors to imports from the Far East. Thanks again for your work on this great presentation!
@michaelogden5958
@michaelogden5958 8 месяцев назад
FINALLY!!! Mystery solved. I never was able to understand the toilet paper thing. I worked from home before, during, and after CV - so my TP consumption was fairly stable. Thank you, Sal!
@JMculler
@JMculler 8 месяцев назад
I used considerably more tp to wipe all the sht away that our government was peddling daily
@chriskelly3678
@chriskelly3678 8 месяцев назад
I Was postulating those stadium parking lots should have opened the bathrooms... lots of unused TP.
@subduedreader5627
@subduedreader5627 8 месяцев назад
I heard another version that the business oriented toilet came in a different size than the ones intended for home use, and weren't compatible, so while toilet paper existed and might have been in the right area, it wasn't the right kind.
@durgan5668
@durgan5668 8 месяцев назад
@@subduedreader5627 Yep, larger rolls, but like he said, you can read a newspaper through single ply. Even so, I read all kinds of people claiming the US didn't make tp, that we imported it all, which was nonsense. It did, however, show us once again, how fragile our supply chain had become. And we couldn't wait to go right back to the same broken system as soon as we could.
@loismiller2830
@loismiller2830 8 месяцев назад
To be fair, the supply chain issues are real. But in my neck of the woods, hoarding caused a lot of the toilet paper shortages. If everyone had just bought TP as they normally did, there would have been enough to go around. Some people had closets and garages stuffed full of TP. It was ridiculous. In 1973, Johnny Carson said there was a toilet paper shortage on The Tonight Show and there was panic buying and hoarding after that as well. It was actually a joke, but people went out and emptied the shelves.
@richardc020
@richardc020 8 месяцев назад
Truly stellar analysis and news of what directly affects us all as consumers to citizens to maritimers, thank you always!
@michaels1997
@michaels1997 8 месяцев назад
Great episode Sal - I only found your channel when trying to understand the Suez canal authorities behaviour around the Ever Given and your take on the incident report was the best out there. Moving on from that I've learned a lot more from your fascinating insights - your knowledge, delivery and sense of humour are first rate, who knew shipping was this interesting! (Oh, yes and agree with your recommendation for Joe Franta - I've been subscribing to him for a year or so now). Are you able to do an update on the Freemantle Highway now that the smoke has cleared (so to speak!), or is it a case of waiting for the incident report to come out? With many thanks and best wishes from the UK!
@skenzyme81
@skenzyme81 8 месяцев назад
27:33 LOL, I was just in Savannah for a week staying on the river. Loved watching the handful of container ships move in and out. A tour guide made a point to tell us they are about to build a yet higher bridge over the river to allow bigger ships in. Had no idea the situation there was so dire!
@196cupcake
@196cupcake 8 месяцев назад
I've never worked in shipping, never knew anyone who did, but you explain this stuff well.
@nuc9901
@nuc9901 8 месяцев назад
Sam, thanks for presenting this information in a way that I can understand (I don't want to overstate my DEGREE of understanding.) I wondered about the super-sized container ships and the strain they were putting on our ports. What could act to push back at the shipping companies? Looks like water will be a factor. Now if we just knew how to use our rail capacity... "Precision Scheduled Railroads" are NOT the solution. It comes down to something I heard about managing to the wrong goal. This was in the wood products industry: "Managing a resource the matures in 30 years on a quarterly basis." Hope Panama can pay off the debt on those new locks!
@donalddodson7365
@donalddodson7365 8 месяцев назад
Thanks, Sal. Not learning lessons ... the all to frequent US policymakers' failing.
@EatMyOats
@EatMyOats 8 месяцев назад
Saw our DoT Czar spending money in Ukraine today. My local bridge is broken, my car stuck inside a pothole, and my home is a train wreck... From the derailment across the street. 😮.
@ross-sy7rh
@ross-sy7rh 8 месяцев назад
Supply web! So much more true than chain. First heard it from you Sal, thank you.
@Pippy626
@Pippy626 8 месяцев назад
My wife and I worked from home since 2008 and the difference in our buying now is we buy in bulk and always have a box extra due to 2020.
@johncheresna
@johncheresna 8 месяцев назад
Thanks, keep up the good work.
@buonafortuna8928
@buonafortuna8928 8 месяцев назад
Love the Lego globe Sal.
@AllNighterHeider
@AllNighterHeider 8 месяцев назад
I just started the video, but im pretty sure you're going to describe the consequences of "the bullwhip effect". Basically an imbalance like supply and demand are on a teeter totter. Thanks Sal
@wgowshipping
@wgowshipping 8 месяцев назад
Excellent observation.
@gillbujold1918
@gillbujold1918 8 месяцев назад
Always spot on! Thank you Sal for the insight. You really help me looks at things with a new perspective.
@Fish_Ventura
@Fish_Ventura 8 месяцев назад
Thx Sal! I love Box
@nuts4ships
@nuts4ships 8 месяцев назад
I love when grown men can have a conversation about ship paper.
@mroptimistic8957
@mroptimistic8957 8 месяцев назад
Very diplomatic to not mention panic buying of toilet paper
@2006gtobob
@2006gtobob 8 месяцев назад
Here is the lesson that was learned: squeaky wheel gets a drop of grease occasionally. No investment in changing and improving the bearing. Actually fixing things and improving efficiency would require accountability, and we all know that no one that recieves that "free" money wants that. They're happy to recieve what they get and vaporize that money and cry for more next year to keep pockets lined on an ongoing basis.That'ss the story of literally everything anymore. Keep the system bogged down, bureaucratic, unaccountable and running that way perpetually.
@AmazingPhilippines1
@AmazingPhilippines1 8 месяцев назад
Enjoy your discussions. Watching from the Philippines.
@poowg2657
@poowg2657 8 месяцев назад
Perhaps a more meaningful metric would be net tons shipped instead of TEUs shipped because as you intimated, a TEU may only be carrying one pallet.
@russbell6418
@russbell6418 8 месяцев назад
Yep, but different. TEU’s tell how many ships of what capacity are being used on a given route. Tons transported tells only that. Is useful for calculating fuel consumption by the ship owner, though.
@gus473
@gus473 8 месяцев назад
18:45 In Corporate Finance circles, it's said as "eee-BIT-dah" (for earnings before interest, taxes, depreciation, and amortization). Just exaggerate the "syllables" out loud a few times and you'll have it! EBITDA measures operating performance, as opposed to financing or other things that can change the bottom line. 😎✌️
@wgowshipping
@wgowshipping 8 месяцев назад
Thank you. I am familiar with its meaning, I just don't say it out loud so I knew I would screw it up.
@gus473
@gus473 8 месяцев назад
@@wgowshipping You're certainly welcome, and I'm glad that I could help! (At least once!) Threw in the meaning for those who don't like to Google or have a problem with financial engineering! 😉 ✌️😎 (Pro tip: If you use Google Bard AI, most of the time you can also get a spoken/audio answer or pronunciation, much like Google Translate. What a time to be alive! 🍻)
@davefellhoelter1343
@davefellhoelter1343 8 месяцев назад
I was down there for the tail end of the Mexican Hurricane last week. Rained most evenings and nights, then a Very Solid Manageable Steady Rain for about three days? The Country I was in declared a type of National Emergency and Shut Down Most Travel and Businesses for a solid Day with Caution for their local road's or infrastructures' abilities. I did see a couple minor landslides, typical for any decent rain, but all drained well enough in my locations.
@firstlast1047
@firstlast1047 8 месяцев назад
Sal, the US port inefficiencies are attributable partly to "The inmates are running the prison/asylum" or use any appropriate analogy you wish.
@dougsrepair1060
@dougsrepair1060 8 месяцев назад
Well presented. Leaves a lot to think about. Thanks.
@alansnyder8448
@alansnyder8448 8 месяцев назад
Fantastic show. I'll be planning a trip to Michigan soon to get a bucket of water from their lake and see if I can ship it via FedEx to Panama.
@JMculler
@JMculler 8 месяцев назад
They should charge more for smaller ships if its becauae of the water. . The larger the ship, the less water needed in the lock to raise it.
@russbell6418
@russbell6418 8 месяцев назад
I’m impressed that the new canal has some water recycling ability, making it much more efficient.
@flightographist
@flightographist 8 месяцев назад
I appreciate your signals gathering.
@jackmiller8851
@jackmiller8851 8 месяцев назад
"The shipper, the carrier, the consumer" Don't forget us stevedores/longshoremen Sal! We need volume too :)
@wgowshipping
@wgowshipping 8 месяцев назад
Never forget the people who move the cargo. My apologies!
@jay7752
@jay7752 8 месяцев назад
Wilmington NC came in at 44 and is the first US port listed.
@kavemanthewoodbutcher
@kavemanthewoodbutcher 8 месяцев назад
From the Mogollon Rim of Northern Arizona, Thanks Sal!
@elcastorgrande
@elcastorgrande 8 месяцев назад
The Belt & Road Initiative already built and owns a major Sri Lanka port.
@stephaniewaters1777
@stephaniewaters1777 8 месяцев назад
Like the new format 👍
@mhick3333
@mhick3333 8 месяцев назад
Great presentations thanks
@underthebluesky92
@underthebluesky92 8 месяцев назад
Not sure I ever saw “imported toilet paper” at stores, sure it exists, but I get the Economics behind (note the pun) what you are talking about.
@wgowshipping
@wgowshipping 8 месяцев назад
Most toilet paper is domestically produced but it demonstrates the issue with the supply chain during COVID.
@AllNighterHeider
@AllNighterHeider 8 месяцев назад
I think 36 (1929) cents would be about $35 today, definitely not enough to pay for the energy used to operate the lockes, let alone the manpower. The dollar really is trash, but compared to all other sovereign currencies its still King trash.
@LeeB48
@LeeB48 8 месяцев назад
The truth is Mr. Halliburton did not negotiate the locks, in reality he primarily swam the lake portions of the Canal, about 25 milesl. The support costs for him to accomplish that no doubt far exceeded his toll!
@wildcolonialman
@wildcolonialman 8 месяцев назад
Fabulous.
@ritaloy8338
@ritaloy8338 8 месяцев назад
Just what we need another section on this RU-vid Channel.
@dumbestguyintheshop3878
@dumbestguyintheshop3878 8 месяцев назад
"if you're going to spend money you're going to spend it on your ass" Donkey Dan approves this message 😂
@nathangraham8162
@nathangraham8162 8 месяцев назад
Thanks Sal!
@douglaspierce8480
@douglaspierce8480 8 месяцев назад
I'm seeing more cans on railroads, many double stacked 2 and 3 miles long, however that being said most of them are the 53-foot cans.
@cestmoi1262
@cestmoi1262 8 месяцев назад
Sal, buying a cheaper brand is saving on the wrong end (?): even though it is more expensive now I still don't skimp on my TP brand: Charmin. Also, we average 48 rolls in stock to work with. We never ran out.
@rickrogers2649
@rickrogers2649 8 месяцев назад
Live from Legoland, it's Dr. Sal !!! 😃😄😁🙃
@lawmansama
@lawmansama 8 месяцев назад
I was talking to a longshoreman the other week and he was telling me that Mearsk in Long Beach spent a pretty penny automating their ship to shore and shore to ship so im guessing a good chunk of the people cut (and money)was from that. He also told me what used to take 13 shifts with People now takes 26 shifts (at Mearsk)with the automated machines to turn around a ship. I dont know if he was exaggerating the point because he was sore at losing jobs or not but being 2x slower would kind of be the opposite of the reason to automate. Why would the shipping company do that? Anyway great video! always informative.
@janetalexander6671
@janetalexander6671 8 месяцев назад
Thank sordid Sharing Blessing🇺🇸🙏✋💙
@danmorrissette4814
@danmorrissette4814 8 месяцев назад
Good one SAL !!
@paulbarthol8372
@paulbarthol8372 8 месяцев назад
It's baffling why Costa Rica, Nicaragua or Mexico don't install two container ports on either coast with four to eight rail lines between them.
@jillcrowe2626
@jillcrowe2626 8 месяцев назад
Think about countries that are run by drug cartels. That idea is wonderful, but can you think of other countries that are more corrupt? Setting aside billions for shipping infrastructure in the presence of drug cartels?
@user-dt7im3up6w
@user-dt7im3up6w 8 месяцев назад
Republicans Mexico out read inter oceans canal Maya train project operations soon shipping read project
@user-dt7im3up6w
@user-dt7im3up6w 8 месяцев назад
33,ooo. GANGS. Usa. Million members usa nicely people
@user-dt7im3up6w
@user-dt7im3up6w 8 месяцев назад
Mexico shipping 1oo countries worldwide 11. Rich worldwide few year power house
@Anubis-hm7ro
@Anubis-hm7ro 8 месяцев назад
Thank you
@viksaini
@viksaini 8 месяцев назад
I would have thought panic buying caused the t.p. shortage along with other consumables.
@wgowshipping
@wgowshipping 8 месяцев назад
It accelerated it, but production and distribution could not keep up with it.
@viksaini
@viksaini 8 месяцев назад
@@wgowshipping Thanks!
@chriskelly3678
@chriskelly3678 8 месяцев назад
Oddly at the Glendale AZ BNSF yard looks to me a Significantly reduced amount of containers. Maybe 70% less??? Can anyone quantify or confirm trucks hauling from LA vs Rail?
@trip1080
@trip1080 8 месяцев назад
Sivumut’s lighter barge dumped 20 containers in Nunavut
@dannydillon997
@dannydillon997 8 месяцев назад
1000th like I love the channel ❤
@kbrown611
@kbrown611 8 месяцев назад
Excellent show 👏
@wgowshipping
@wgowshipping 8 месяцев назад
Thank you very much!
@adrianklaver113
@adrianklaver113 8 месяцев назад
< 1/2% to shipping from the Infrastructure bill is not surprising. You get more PR ROI from putting the money into roads/bridges/public transport where you have 1,000's of people a day seeing the signage touting where the money is coming from. Most folks are not going to see work done at a port.
@russbell6418
@russbell6418 8 месяцев назад
Yep. People don’t think much about how their stuff arrives.
@corybrown6967
@corybrown6967 8 месяцев назад
Do you see an uptick in container work for smaller ports on westcoast. Do to canal issues and then possible congestion on the major ports on westcoast.
@GlitchSystem-xf7jb
@GlitchSystem-xf7jb 8 месяцев назад
I was single during the lockdowns and I buy the cheapest single ply because I know how to use it. When the lockdowns happen I had enough TP to last me that whole year. The only problem I had is I also use baby wipes to make sure I get extra clean and only had enough baby wipes to last maybe 2 months. So I was having trouble finding good baby wipes that I liked. Sorry to be Mr Weird but that's me and everyone I've told about the baby wipes simply don't understand
@russbell6418
@russbell6418 8 месяцев назад
As a plumber, I hope you don’t flush ‘em. Those so-called “flushable” wipes aren’t. Great for plugging pipes, and messing up stuff in the sewage plants.
@mrlucasftw42
@mrlucasftw42 8 месяцев назад
I am curious - you talk about the port rankings at the end. And yet, despite dismal US port performance - the Ports and inland waterways are still one of the large US advantages in the modern world as far as moving goods and bulk price efficiency.
@ushwallman2070
@ushwallman2070 8 месяцев назад
The share price of ZIM shipping in USD has fallen significantly in the last 2 years. I am hoping that the company can recover its prices over then next year.
@Floods-uy6tl
@Floods-uy6tl 8 месяцев назад
In australia we pronounce it “EBIT-dahh” Great episode!
@queazocotal
@queazocotal 8 месяцев назад
How much capacity do the rail links /ports along the side of the canal have in terms of ships/day if shippers were willing to pay for the offload.
@tiredoldmechanic1791
@tiredoldmechanic1791 8 месяцев назад
Toilet paper is probably a bad example of why shipping increased during the pandemic. Less than 8% of toilet paper used in the US comes from outside the US and most of that comes from Canada and Mexico and wouldn't be brought in by ship.
@wgowshipping
@wgowshipping 8 месяцев назад
The TP is meant to discuss how the supplychain was stressed. Even though it is produced in the US, the consumption is what changed. This magnified with goods imported into the US.
@thomasconley3429
@thomasconley3429 8 месяцев назад
Thanks!
@wgowshipping
@wgowshipping 8 месяцев назад
Thank you so much!
@connarcomstock161
@connarcomstock161 8 месяцев назад
Descartes Systems Group is pronounced DeKarte They're also the 5th largest software company in Canada. Descartes does, broadly, route planning, customs messages, and price management, they're not a logistics company.
@harrybenson9983
@harrybenson9983 8 месяцев назад
The Secretary of Transportation, after failing to figure out how to lactate, is probably now trying to figure out how to potty train.
@andrewyork3869
@andrewyork3869 8 месяцев назад
9:30 what risk management goes into this choice it seems as though you could easily spend as much time waiting as you could going around.
@halohalo2498
@halohalo2498 8 месяцев назад
Watching this on the toilet and i need some tp
@maxmacdonald7174
@maxmacdonald7174 8 месяцев назад
People on the move tend not to be constipated as well. A good bowl movement uses less toilet paper? Dig another canal in Central America? Replacing Panama canal?
@bigbear7567
@bigbear7567 8 месяцев назад
During the covid lock down I saw on the news fights and aggression from people buying toilet paper.
@gerardlabelle9626
@gerardlabelle9626 8 месяцев назад
I’m surprised that only a few dozen ships transit the Panama Canal every day. (I don’t know why I am surprised, because I have never even thought about it.) Is there a business case for a Nicaraguan canal, in normal non-drought conditions? Would there be enough traffic? If they built it, would it attract shipping to Gulf and East Coast ports?
@LeeB48
@LeeB48 8 месяцев назад
Sal, this is the body of the Advisory to Shipping by the Canal Authorities... "Based on the present and projected level of Gatun Lake for the upcoming weeks, the Panama Canal Authority (ACP) announces that effective immediately and until further notice, the maximum authorized draft allowed for vessels transiting the Neopanamax locks is 15.24 m (50.0 feet) TFW" As of May 2022, the 50' draft limit remained in effect the remainder of 2022 and was reduced 6" in Feb. 2023. The 50' draft was the intended maximum draft as part of the 2016 expansion.
@wgowshipping
@wgowshipping 8 месяцев назад
I talk with a PCA pilot and he said that they have not approved a 50 ft draft ship at all.
@LeeB48
@LeeB48 8 месяцев назад
I have no idea when you talked to the ACP pilot, when the new locks opened the Canal was in a water shortage due to lack of rain fall as they are now. It was considerable time before Gatun Lake reached a level high enough to permit the 50' draft. I will provide the link to the Advisory to Shipping date May 6, 2022 suspending the previous draft limit, permitting the 50' draft. The 50' limit stayed in effect until February 2023. Warm regards. pancanal.com/wp-content/uploads/2022/03/ADV18-2022-Suspension-of-Draft-Restrictions-for-the-Neopanamax-Locks-.pdf @@wgowshipping
@jbtonline
@jbtonline 8 месяцев назад
Love the LEGO globe...
@greentea7037
@greentea7037 8 месяцев назад
LOL funny opening !
@ROTEsimplemachines
@ROTEsimplemachines 8 месяцев назад
Yes- because I already had a relationship with B2B MRO suppliers like McMaster-Carr and Grainger (Zoro...), I was able to get paper goods, snacks and the very end of commercial tp and alcohol hand wipes. I was getting legit N95 respirators in Sept 2020, which were getting air lifted in fromTaiwan (they initially cost me $120/box (which is why, I believe, my employers claimed they couldn't get them).
@Awayhavingfun
@Awayhavingfun 8 месяцев назад
Early happy Veterans Day to all former members of the military, merchant mariner’s (had some of you guys supporting us in some interesting places lol) please remember those who have gone before us, those who are doing their part now, and as always there’s those who are coming in the future we have to teach and encourage them!
@dougtaylor7724
@dougtaylor7724 8 месяцев назад
I am not seeing you numbers in my part of the country. UPS is way down. FedEx down. Air freight way down. Rail freight down. Trucking was down a good bit, but holding its own now.
@timothyspearman9347
@timothyspearman9347 8 месяцев назад
(Off topic) Most great lakes freighters have self unloaders for iron ore and coal. I don't see that anywhere else. I wonder why.
@wesryman
@wesryman 8 месяцев назад
You should do a special called WTF “What The Freight” 😂
@wgowshipping
@wgowshipping 8 месяцев назад
Holy cow...that is great. I am going to do that. WTF...how did I not think of that. This is genius.
@wesryman
@wesryman 8 месяцев назад
Just trying to help a neighbor 👍
@SirWhiteRabbit-gr5so
@SirWhiteRabbit-gr5so 8 месяцев назад
Why is container volume increasing while OTR Trucking volumes are plummeting? Yellow Trucking has gone under, and a number of regional carriers are threatened.
@wgowshipping
@wgowshipping 8 месяцев назад
The reason for trucking failure is over capacity in the sector. Manu people jumped onto trucking and saturated the market.
@dominicm2175
@dominicm2175 8 месяцев назад
03:36 “ if you’re going to spend money, you’re going to spend it on your ass” 🤣
@elijahcraig4804
@elijahcraig4804 8 месяцев назад
Best quote ever! "if you are gonna spend money, you are going to spend it on your ass."
@TheLucidor
@TheLucidor 8 месяцев назад
Husky Terminal shout out!
@scottmcferon9143
@scottmcferon9143 8 месяцев назад
Sal, what are West Coast cargo volumes looking like next year because of issues at the canal? Cargo that was diverted to the Gulf and East Coast coming back?
@corybrown6967
@corybrown6967 8 месяцев назад
Yeah is that coming back?
@michaelcarr3037
@michaelcarr3037 8 месяцев назад
JB Hunt just made big deal with the rail lines maybe its in relation to this Panama situation and ya during the great toilet paper shortage I hauled a dry van full off it to west Coast that got loaded on a container ship but ya it crazy talk to a friend o mine the other day he was hauling a reefer load of cheese from calf to Wisconsin 😅
@wesleyfoster1967
@wesleyfoster1967 8 месяцев назад
is here, gave you a 👍! My notifications are on. I am a subscriber. I have received notification of your video 🙂. Audio video is good.
@wgowshipping
@wgowshipping 8 месяцев назад
Thanks for subbing!
@nelsin1925
@nelsin1925 8 месяцев назад
I prefer your bias over so many other sources. Stay simple. No flash.
@mikebarbeau8569
@mikebarbeau8569 8 месяцев назад
Strange that big banks hurting and small ones tanking???
@KutWrite
@KutWrite 8 месяцев назад
LOL "If you're gonna spend money, you're gonna spend it on yer ass!" - Sal Mercogliano
@nooboftheyear7170
@nooboftheyear7170 8 месяцев назад
Sal...that's earnings before tax and amortisation iirc. Perhaps catch a bit of mad money with kramer if he's still doing it? Great information as ever.
@martineastburn3679
@martineastburn3679 8 месяцев назад
Love the Lego world globe.
@joecollins4964
@joecollins4964 8 месяцев назад
Just a side story I just saw a half dozen or so 40’ containers loading grain in tiny Deerfield Ohio this is second time I’ve saw this Shout out Deerfield Ag Services
@michaelferriss4594
@michaelferriss4594 8 месяцев назад
I agree, its a good deal for Sri Lanka. Bad deal for Americans.
@misterguy9051
@misterguy9051 8 месяцев назад
Admit it, you came close to calling this one "What the Butt". ... right? Okay.. great vid as usual!!!
@wgowshipping
@wgowshipping 8 месяцев назад
There may be an outtake with that on it.
@douglasfur3808
@douglasfur3808 8 месяцев назад
Even when it hurt our pocket, gas pump prices are not a dependable measure of how our economy is doing. Say we're coming into a presidential election year and the leader of country, that pumps a lot of oil, and that leader likes the previous president over the current president he might cut production to push up gas pump prices and make the current guy look bad. Add to that the impact of war and sanctions on Russian production gas pump price become more about politics than economics.
@pj_ytmt-123
@pj_ytmt-123 8 месяцев назад
What maritime strategy? I thought the strategy was to "make in America". 🎉🎉🎉
@TheFunkybert
@TheFunkybert 8 месяцев назад
Hey Sal, One of my customers is from Panama and she told me today that they are having protests at the port which is effecting their supplies of ships. Any word on this??
@wgowshipping
@wgowshipping 8 месяцев назад
This is due to copper mining. www.google.com/amp/s/amp.cnn.com/cnn/2023/11/08/americas/demonstrators-killed-mining-protests-panama/index.html
@Lakingitup
@Lakingitup 8 месяцев назад
LBCT is efficient.
@rrando02
@rrando02 8 месяцев назад
I just noticed you are wearing a Campbell shirt. Is that Campbell College in NC?
@wgowshipping
@wgowshipping 8 месяцев назад
Campbell University...YES!
@rrando02
@rrando02 8 месяцев назад
I went to Duke and wrestled Cambell in1969-70. That was the entirety of my undefeated (1-0-0) NCAA Division 1 athletic career.
@mebran1193
@mebran1193 8 месяцев назад
Like the globe
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