There are fewer than 10 ships waiting for a berth. “There still are issues, but it’s much better,” a Marine Exchange executive says.
A new law has given the Federal Maritime Commission the teeth it needs to tackle high shipping fees and congestion at the ports.
Supply chain journalist Rachel Premack says megaships deserve some of the blame for shipping logjams and increased costs.
“It’s the kind of stuff that keeps you awake at night,” said Teresa Asbury, a senior executive at the Legacy Cos.
David Erlanger is dealing with shipping delays and price increases the likes of which he hasn’t seen in his decades in the business.
“Drayage” might not be a household word, but it’s a critical link in global supply chains.
Before the shipping container, goods were manually loaded into barrels and wooden creates.
“We can use some fancy math to predict how long the line will get,” Keely Croxton of Ohio State says, then apply it to related problems.
For some businesses, the answer is no, but it depends on the value of the product in question.
Some containers have been sitting in storage for years. Experts say the problem has more to do with moving them to the right places than increasing the number in circulation.
