port congestion
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News
Ongoing port congestion may create opportunistic ‘inventory bubbles’ for off-price retail
Trips that once took three to four weeks are often taking three to four months, and shipments will undoubtedly miss their season for some retailers.
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Infrastructure
Tennessee lawmaker frustrated by Buttigieg’s I-40 bridge response
DOT’s response to the Interstate 40 bridge outage needs more urgency, according to U.S. Sen. Marsha Blackburn.
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Regulatory Agencies
Shipper group pressures Congress to clamp down on ocean carriers
Shippers call on lawmakers to expand government oversight of contracts between ocean carriers and their customers.
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American Shipper
Hapag-Lloyd rakes in more in Q1 than all of 2020
A “truly outstanding quarter” lifts net profit from $27 million in 2020 to $1.45 billion this year.
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Maritime
Brace for impact: Data shows US import demand still rising
Importers are scrambling as demand sails past ocean transport supply. The numbers paint an ominous picture for cargo shippers.
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News
Port congestion and Suez fallout — Point of Sale
On this episode of Point of Sale, Andrew Cox looks at the tidal wave of impacts following the Suez Canal blockage and what it could…
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Regulatory Agencies
Biden picks Maffei to chair Federal Maritime Commission
Biden taps Daniel Maffei to head the FMC amid the ongoing port congestion crisis.
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Air Cargo
Suez bypass: Good luck finding an air cargo alternative
You think you can just book your cargo on a plane to avoid the ocean shipping congestion at the Suez Canal? Guess again. Freighters were…
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American Shipper
Will Panama Canal avoid Suez-type logjam? Top exec talks differences
The Panama Canal Authority’s administrator discusses why he’s not worried about a container ship blocking the canal.
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News
‘Serious angst’ among retailers from port congestion tying up inventories
Add Nike (NYSE: NKE) to the growing list of retailers being severely hampered by port congestion and supply chain bottlenecks. The congestion at West Coast…
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