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Bentzel: Buildup of Empties at East Coast Ports Near “Emergency Level”
Shippers and truckers at America's gateway ports have alleged problems with unreturnable empty shipping containers since the start of the late-pandemic cargo boom, and the problem is becoming worse on the U.S. East Coast, according to members of the Federal Maritime Commission. Chairman Dan Maffei has reported that his office…
Aug 10, 2022

Global supply chain stress at 18-month low in July, NY Fed’s index shows
Stress on global supply chains eased in July to the lowest level since January 2021 as port congestion and other snags eased, the New York Federal Reserve reported on Thursday, in its latest update to a worldwide index of supply problems. It was the third straight month of declines in…
Aug 10, 2022

Liner shipping on course to smash last year’s record profits
Liner shipping is on course to smash last year’s record profits by as much as 73%, according to new forecasts from John McCown-led Blue Alpha Capital, citing the soaring contract rates secured by carriers in 2022 and the ongoing port congestion issues. Net income this year will likely reach $256bn…
Aug 10, 2022

‘Now Is the Time’ to Explore Non-China Alternatives, Experts Say
Brands reliant on China imports should considering diversifying, experts at the Sourcing at Magic trade show said on Monday. Panelists offered a look ahead at the 2023 sourcing landscape, which they expect will bring continued supply chain challenges and trade headwinds. “If it’s coming from China, you’re going to have…
Aug 10, 2022