There are signs of shipping disruptions easing but movements in demand and inflation will continue to threaten supply chains.
The queue of vessels waiting to unload goods at the Port of Los Angeles, North America's busiest container port, has fallen 80% since the start of the year.
The queue of vessels waiting to unload goods at the Port of Los Angeles, North America's busiest container port, has fallen 80% since the start of the year as global container prices continue to slide,The backlog of vessels waiting outside Los Angeles has fallen from a record high of 109 to 20 and the port moved 876,611 twenty-foot equivalent units in June in its"We're going box for box with the record that we set for the first half just last year. So the cargo keeps moving.
"We've got to get the cargo picked up at the inland rail facilities by our importers much quicker than they've been doing thus far," he said. Port lockdowns and a shortage of containers in 2020 and 2021 contributed to skyrocketing leasing costs. But now there is an oversupply of containers and prices have been falling since September.
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