Slower transit times may be what shippers need as inventory levels and costs surge to all-time highs.
Industry cooperation removing containers from the docks has convinced port officials to hold off imposing penalties for excess storage.
Officials are creating unrealistic expectations that supply chains will be unplugged within weeks or months.
Southern California ports and private operators are using carrots and sticks to help eliminate a massive pileup of cargo.
The ports of Los Angeles and Long Beach haven’t informed federal regulators yet about their plans to hit ocean carriers with big fees for excessive storage of containers.
The Agriculture Transportation Coalition, together with TradeLanes, surveys hundreds of American shippers about the cost to their bottom lines of uncommunicated earliest return dates from ocean carriers.
Industry pushes lawmakers for roughly $2 billion in maritime-specific relief in next COVID package.
Fee-based storage offered at five North American terminals to assist importers dealing with supply chain disruption caused by coronavirus pandemic.
