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Reasons include overstocked domestic inventories, strong U.S. dollar, lingering tariffs, and container volume shifting to East and Gulf Coasts, port leaders say.
Reasons include overstocked domestic inventories, strong U.S. dollar, lingering tariffs, and container volume shifting to East and Gulf Coasts, port leaders say.
Containership lines racked up record profits in 2021. Entering the second half of 2022, protecting those margins is job one, but as demand eases, a softer market may have other ideas. For the nation’s ports, congestion once again may raise its ugly head as the 2022 peak season swings into full gear.
Containership lines racked up record profits in 2021. Entering the second half of 2022, protecting those margins is job one, but as demand eases, a softer market may have other ideas. For the nation’s ports, congestion once again may raise its ugly head as the 2022 peak season swings into full gear.