China port congestion falls sharply, trans-Pacific shipping rates retreat
Trans-Pacific spot container rates have plateaued and in some cases pulled back, spurring speculation that container investors’ bull run has peaked and relief is on the way for U.S. importers.
7 challenges lie ahead for the Port of LA to support 24/7 supply chains
After President Joe Biden’s Wednesday remarks announcing a goal to move U.S. supply chains to a 24/7 operating schedule, port and government representatives explained the next steps toward that goal and why details on how such operations would work are sparse.
Read More Here Supply Chain Dive
Maersk drops container fees to $1 for COVID supplies
On Wednesday, international container shipping company Maersk announced it is partnering with the Princeton Foundation for Peace & Learning to assist in delivering COVID-related supplies to India.
Port-Crisis plan seeks inland U.S terminals, more truckers
Commitments from shippers and cargo owners to move toward around-the-clock unloading at the docks in Los Angeles are a first step to addressing a national supply chain backlog, White House Port Envoy John Porcari said.