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.
Trucking trips originating around the U.S.’s busiest ports are showing massive increases in idle time, another sign of the supply chain logjams plaguing American transport hubs.