Calls for the U.S. government to regulate the shipping industry in response to massive delays, insufficient vessel and container capacity, skyrocketing transport rates and terminal late fees are misguided because conditions are the result of overwhelming consumer demand and unusual supply volatility caused by COVID, a leading freight economist said Wednesday.
“You’ve got an industry in freight movement that grows at a 3% to 5% pace a year. All of a sudden you have this surge of 20% in volumes....
https://www.freightwaves.com/news/freight-economist-to-government-stay-out-of-ocean-shipping-mess