Chinese New Year rush and threat of tariffs leaves box ports congested
The Chinese factory rush to get goods out before the new year holiday, and the ...
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Frustrated shippers and importers are yearning for an end to constant supply chain disruption and stratospheric rates that seem to have jumped higher every time they look.
So far, however, the end seems as elusive as a ceiling to rates, but some industry executives envisage a return to calmer waters by the end of this year.
“We see light at the end of the tunnel, with regard to moving toward some normalcy towards the end of the year,” said Mario Cordeiro, executive ...
Comment on this article
Eric Mooney
July 26, 2021 at 8:05 pmThe talk of “peak season” is interesting. Every square inch of capacity is being utilized. So how do you move more cargo than is physically possible? You don’t. You think spot rates are high now, just wait around a little bit.