Analyzing the cost of container scarcity and port congestion on freight operations – market survey & results
Shipping and Freight Resource
APRIL 14, 2021
The disproportionate increase in freight volume compared to capacity availability inevitably sent freight prices skyrocketing across all major trade lanes, causing widespread anxiety amongst shippers. For shippers, vessels idling at sea would mean extended lead times on freight delivery, fomenting chaos downstream.
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