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But conditions may be improving for the planemaker.
New vehicle inventory is up an estimated 62% from last year as some supply roadblocks clear. But higher prices may stick.
Austin Golding says his family’s barge business was able to plan ahead, but it’s still costing the company money and productivity.
A combination of slowing demand and better management means ports aren’t as backed up as they used to be.
“Your purchasing power is really a force for positive change,” says Julio Zegarra-Ballon, owner of Zee Bee Market in St. Louis.
Warehouse rents are soaring while transportation costs are plummeting.
There are fewer than 10 ships waiting for a berth. “There still are issues, but it’s much better,” a Marine Exchange executive says.
Inflation, declining demand and uncertainty are bumming out investors.
Backlogs hurt the holiday sales season in 2021. In some cases, shops still have to tell customers to wait for their favorite reads.
A new law has given the Federal Maritime Commission the teeth it needs to tackle high shipping fees and congestion at the ports.