Viewpoint: Here’s the truth behind the 24/7 port operations pledge

This commentary was written by Lori Ann LaRocco. The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

When you tear away the frills of President Biden’s supply chain announcement, it is essentially a political pawn to push the infrastructure bill. The ugly truth is the congestion will not be alleviated anytime soon and it will definitely not be any better in the next 90 days. Why? 

It’s common sense and math. 


Inflation alert: Container ship owners see boom through 2022

container shipping

Unprecedented demand for container ships will not end anytime soon, according to executives of companies that rent vessels to ocean carriers. Their overwhelming confidence is yet another ominous sign for beleaguered cargo shippers — and another signal that inflation could persist.

Managers of container-ship leasing companies (so-called tonnage providers) spoke during Capital Link’s New York Maritime Forum on Wednesday. Execs on panels are notorious for “talking their book” — product-tanker...

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