The growing congestion in Europe is a leading indicator of empty-container constriction. Logistics officials tell American Shipper there are two-thirds more containers waiting in Europe than on the East Coast.
The strikes in Germany have slowed the processing of containers at the port, which has led to a pileup on the rails. The strike on the rails did not help the situation either. As a result, a snarled hairball of congestion slowed access to empty containers in the hinterland.
The CNBC Supply...
https://www.freightwaves.com/news/viewpoint-why-europe-is-so-important-to-the-empty-container-supply