Ocean freight rates, which have pummeled retailers and manufacturers throughout 2021, may take more than two years to return to normal levels if past market cycles are any guide.
Few tools of the global economy have survived without major innovations as long as the shipping container. The supply ructions around the world are presenting an opportunity to test that incumbency.
The $100-per-day fee for containers was put on hold until Nov. 22 because the ports have seen a “significant improvement in clearing import containers” in recent weeks.
The Biden administration spurned a plan by Intel Corp. to increase production in China over security concerns, dealing a setback to an idea pitched as a fix for U.S. chip shortages.
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.
While a global supply chain crisis is crimping sales for companies from Apple Inc. to Caterpillar Inc., transportation firms are riding an unprecedented profit boom.
Fallout from the global supply chain crisis that’s clogging U.S. ports is pushing warehouses to capacity, and forcing logistics managers to scramble for space.
Amid all the hand-wringing over global supply chain snarls and how they’re fanning inflation, little attention in the U.S. is being paid to the demand side of the economy.
The U.S.’s busiest port complex in southern California has more demand than it can handle — and that’s left smaller hubs along the nation’s coastline angling for some of that business.