The Department of Transportation seeks “practical solutions” from the freight industry to alleviate container shortages and supply chain chokepoints.
August is likely to see a new monthly record for retail container imports, with 2021 doing the same. However, ongoing supply chain dislocation clouds how quickly consumers will be able to get their hands on the goods.
Supply chain bottlenecks are raising red flags for inflation down the road.
“I think we need to squash the whole thing and start over,” said Kempisty.
The Consumer Brands Association is urging federal action from transportation agencies to head off concerns about inflation and rising costs.
China’s potential monopoly over containers and intermodal chassis is the target of an investigation by FMC Commissioner Carl Bentzel.
“The container shipping industry is currently seeing unprecedented demand, which has led to a shortage of containers all over the world,” says CEO Rolf Habben Jansen.
Biden taps Daniel Maffei to head the FMC amid the ongoing port congestion crisis.
Northwest Seaport Alliance reports January exports dropped 13.4% year-over-year.
“We have really a perfect storm of demand that’s surging like there’s no tomorrow, everybody needing to get the boxes back, COVID-related restrictions,” says Hapag-Lloyd CEO Rolf Habben Jansen.
“This is one of the most difficult seasons we’ve been facing trying to move our cargo out of the United States,” says a California almond producer.
Container equipment shortage exacerbated by COVID-19 pandemic stresses upper-Midwest soybean exporter trying to fill his springtime customer orders to Asia.
Lawmakers heard how costly fees and equipment shortages along the supply chain are hurting exports.
