Tanker and diesel crisis, looming rail strike and Mississippi drought adding pressure on logistics managers.
The imbalance of the supply chain now is based on human error and port congestion. We know trade is slowing down, but the congestion skews the reality of the pullback in orders.
An increase in vessels calling on the East Coast and Gulf Coast ports is adding to wait times, which increases the delays of materials needed for manufacturers to complete their products or get finished products on store shelves.
A decrease in shipment arrivals as a result of congestion delays is a byproduct of labor strife.
The Port of New York and New Jersey has put off charging ocean carriers for containers left at the port.
The U.S. and European ports are bloated by congestion — and only time can alleviate this situation.
The latest whammy? A U.K. port strike could delay deliveries of Guinness.
The Port of New York and New Jersey has announced a container fee on long-dwelling import or export containers, aiming to reduce an excess of empty containers dwelling at the port and free up space for container pickup.
“Peak season” is a term in maritime that really has lost all meaning. Since the pandemic began, the ports have been processing record volumes of containers. Inventories were wiped out when the consumer went on a gluttonous buying binge. Now the bulk buying has stopped along with purchases of furniture and appliances since consumers purchased […]