Decrease in over-the-road deliveries made within China last week – FourKites

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FourKites has seen a decrease in over-the-road deliveries made within China last week, as protests against ‘Zero-COVID’ lockdowns in China were triggered after an apartment fire on 24 November in Urumqi, the capital of Xinjiang.
 
During the seven days from November 23rd through November 29th, weekly over-the-road and intermodal shipments being delivered to China dropped by 36% week-over-week, and were down 37% compared to the first week of November.


 
FourKites has seen port volumes at Chinese ports tick up slightly over the past month, though volumes are still down from highs seen in summer 2022. As of November 18th, the 28-day average ocean shipment volume at the Port of Shanghai tracked by FourKites (including import and export shipments) is up 2% compared to March 12th (the day before lockdowns went into effect in China earlier this year). Volume at Shanghai is down 4% month-over-month.
 
At the Port of Shenzhen, port volume is up 31% compared to before the lockdowns and is up 12% month-over-month. At Ningbo-Zhoushan, port volume is up 4% compared to before the lockdowns went into effect and is down 3% month-over-month. At Hong Kong, volume is also up 20% compared to before the lockdowns, and is down 5% month-over-month.


 
FourKites has continued to see the volume of shipments traveling from China to the United States decline, following reports of low port volumes at West Coast ports in recent months. As of November 25th, the 14-day average shipment volume for loads traveling along this lane is down 34% compared to before the lockdowns in China earlier this year, down 39% compared to the recent peaks seen in September, and is down 20% month-over-month. Delays along the China to United States lane have been falling, with the 14-day average percentage of shipments delayed now at 35%. This is down from the peak of 48% seen in early October.


 
Transit times for ocean loads traveling from China to the United States started to dip again over the past week after a recent peak. For FourKites customers, the 60-day average total transit time for loads traveling along this lane is now at 48.9 days through the entire ocean journey as of November 25th, 2022. This is down 12% compared to the peak seen in March of this year amidst the COVID-19 lockdowns. Total transit time is now down 3% week-over-week, and is down 1% month-over-month.


 
Dwell time at Chinese ports appears to be stable over the past few months. For export shipments at Chinese ports, the 28-day average ocean dwell time is now at 5.0 days. This is down 34% from the peaks seen earlier this year, and is up 2% month-over-month. For import shipments, the 28-day average ocean dwell time is at 4.1 days, down 25% from the peak earlier this year and about even month-over-month.

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