Congress received an on-the-ground report from an industrial shipper on how rapid price increases for goods and services can be traced directly to bottlenecks in the supply chain.
Testifying before the Senate Commerce Committee on Thursday, William Taylor, CEO of Taylor Group, a heavy equipment manufacturer, told lawmakers that delays in inbound deliveries from freight carriers and rapidly increasing transportation rates have forced the company to boost prices he charges to customers.
“The supply...
https://www.freightwaves.com/news/shipper-to-congress-inflation-rampant-through-supply-chain