President Biden signed the $550 billion measure at a White House ceremony on Monday, after appointing a group of officials to guide the law’s enactment.
At the Port of Savannah, one of the busiest U.S. trade gateways, containers are stacked up like colorful children’s building blocks stretching as far as the eye can see.
Global ports are growing more gridlocked as the pandemic era’s supply shocks intensify, threatening to spoil the holiday shopping season, erode corporate profits and drive up consumer prices.
Commitments from shippers and cargo owners to move toward around-the-clock unloading at the docks in Los Angeles are a first step to addressing a national supply chain backlog.
Patrick Penfield, a professor of practice in supply chain management and director of executive education at the Syracuse University Whitman School of Management, offers a view into supply chain congestion, delays and pricing for the remainder of this year.
To understand why more than 100 container ships are waiting to enter U.S. ports from Southern California to Savannah, Georgia, it helps to keep tabs on the congestion that’s building at another key junction of freight transportation: rail yards.
In any other year, expectations of strong sales for the upcoming holiday shopping season would be the fulfillment of a dream for retailers. Instead, it’s shaping up to be something of a nightmare.
The latest news, analysis, services and systems regarding rail and intermodal transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As rail and intermodal cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using rail and intermodal shipping solutions to power their supply chains.
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