Big-box retailers and their rail- and truck-carrier partners are the next targets of a more round-the-clock operating regime being coordinated by the Biden administration to help solve the supply chain capacity crisis gripping the country.
A container shipping line announcement that it would blank four sailings in the Golden Week period has left shippers, still struggling to get cargo out of Asia, “staggered” at the move.
The Federal Maritime Commission plans to audit nine of the largest container carriers operating in U.S. markets to find out if they are using their market power to overcharge shippers on detention and demurrage fees.
There are almost no container ships in the world left for liners to charter. Secondhand purchase prices are through the roof. It takes two years or more to get a newly built ship. How can liners find more capacity? Liners already gave an answer: speed up.
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