A recent FreightWaves article makes the case that every American should be concerned about the rising cost of diesel fuel. While every passenger car driver is well aware of the price increases of gasoline, many don’t know that diesel has increased by $1.57 a gallon since February 1st.
According to Connect CRE, industrial vacancies in Southern California reached a new low in Q1. At the same time, industrial rents are 25% higher than a year ago.
According to an article in FreightWaves, the U.S. Maritime Administration has announced nearly $450 million in FY22 competitive grant funding “for projects to help ports speed cargo flows and ultimately lower costs for consumers.”
A new article in the Sourcing Journal reveals that industrial rents in the Inland Empire climbed 59.6% in the fourth quarter of 2021, while the vacancy rate declined to 0.6%.
According to FreightWaves, companies that are renewing – or about to renew – multiyear warehouse leases are in for severe sticker shock.
According to FreightWaves, recent comments from drayage drivers at California’s major ports reveal that they are “drowning” in supply chain challenges such as long wait times, appointment system issues, and other inefficiencies.
As if drayage providers didn’t have enough to content with, the Ports of Los Angeles and Long Beach have each announced that they will begin charging Clean Truck Fund Rate fees beginning April 1, 2022.
In an effort to help relieve congestion at the Ports of L.A. and Long Beach, shipping companies will be fined if their containers aren’t moved off-port quickly enough.
The Harbor Trucking Association (HTA) has issued a statement in response to the Biden Administration’s announcement that the Port of Los Angeles will operate 24/7 in hopes of clearing congestion at the Port.
According to an article in the Wall Street Journal, some of the largest retailers in the U.S. are trying to sidestep import supply chain delays and congestion by chartering their own ships overseas.
13530 Rosecrans Avenue
Santa Fe Springs, CA 90670
855.GO.WEBER (855.469.3237)
info@weberlogistics.com
a 
Capital Management
Portfolio Company