USTR fee could price Chinese carriers out of US trades
The October implementation of the US Trade Representative port fees will mean a “forced concentration” ...
China’s clogged-up container terminals and reefer plug shortage has created a logjam of perishable cargo.
Key maritime gateways like Shanghai, Ningbo and Xingang are congested due to a lack of local truck capacity, with many drivers unable to return to work amid the coronavirus outbreak.
As a result, reefer containers usually swiftly moved inland are stuck in terminal yards, creating a severe shortage of space and plugs for new refrigerated imports.
According to Vincent Tan, C.H. Robinson’s Asia director of ocean services, the ...
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