Coronavirus Update - September 8

Allyn International is committed to providing you with the latest updates during this very fluid and everchanging period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions.

Global Updates

• Preparations for COVID-19 vaccine distribution have been underway for several weeks. Logistics providers have built “freezer farms” and staged other equipment worldwide to begin distribution as soon as the US Food and Drug Administration gives the green light.
• Air cargo rates are beginning to climb again after three weeks of stability. A pattern expected to continue through the end of 2020.
• India has now surpassed Brazil with the second-largest number of confirmed COVID-19 cases worldwide. The Indian states of Andhra Pradesh, Tamil Nadu, Karnataka, Maharashtra and Uttar Pradesh make up 60% of the country’s active cases.

The following tables will provide the current cargo transport operational status and capacity levels for heavily affected countries.

• Limited capacity from Australia to the Americas, Asia Pacific, and Europe. Minor container shortages.
• Capacity is available from Japan and UAE
• Capacity is low from South Korea to Europe, Asia Pacific, and the Americas. Capacity is available to the Middle East and Africa.
• Capacity is very low from India to APAC, Europe, the Middle East, and the US. Moderate container shortages.
• Capacity is low from Brazil across all trade lanes. Moderate container shortages.
• Capacity is available from Singapore across all trade lanes except the Americas, where capacity is tight.

United States of America Domestic Trucking Overview – Updated 09.08.2020

• The average dry van spot market price last month was $2.22 per mile, an increase of 22% year-overyear.
• September dry van, flat bed and reefer spot rates hit record highs. The dry van spot rate is currently $2.41 per mile, while flat bed and reefer spot rates are $2.37 and $2.60 respectively.

If you have any questions regarding the impact of the coronavirus to your supply chain or would like additional research and market intelligence, please contact our Americas Consulting and Sourcing manager Mitchell Turiel at Turiel.m@allynintl.com or (239) 219-7179.