The current situation at most U.S. ports is historic in many ways and has and is being covered by FreightWaves’ journalists and market experts. Accumulating supply side disruptions are keeping upward pressure on ocean container rates, while already heightened levels of import demand have overwhelmed a number of the ports. Import volume records continue to be broken almost weekly.
The influx of imports has produced instances of 20-plus vessels waiting for a berth at numerous U.S. ports. The...