Collapsing ocean shipping rates could seem to be good news for U.S. retailers, but they are now bracing for delays as some carriers try to prop up prices by cancelling voyages.
Retailers reportedly paid approximately $20,000 to shift a container of goods during pandemic disruptions.
Carriers, including Maersk and M.S.C., are considering boosting rates by cancelling voyages. This might spark cargo delays since containers typically get bumped from one vessel to...