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.
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.