East Coast ports about to get slammed by a lot more ships
There were 63 container ships waiting off East and Gulf Coast ports on Friday morning, plus another eight off the transshipment hub in Freeport, Bahamas — and it looks like it’s about to get worse.
Port of Los Angeles container volumes could ‘soften’
Container volumes at the Port of Los Angeles are expected to soften this spring compared to last year, and the port will use any lull from COVID-19 lockdowns in China to keep tackling cargo backlogs, Executive Director Gene Seroka said in a briefing Wednesday.
Major supply chain initiative launched
The Biden-Harris Administration and U.S. Department of Transportation announced the launch of a major supply chain initiative, Freight Logistics Optimization Works (FLOW), to help speed up delivery times and reduce consumer costs.