US Shipping Crisis Soaring Costs and Delays Explained
US ocean freight is facing a double whammy of soaring freight rates and significant delays. This predicament is driven by a confluence of factors including the pandemic's impact, port congestion, surging demand, rising fuel costs, container shortages, and regulatory issues. Alleviating shipping delays hinges on multiple factors such as the pandemic's progression, labor force recovery, infrastructure improvements, and demand adjustments. The situation requires a multifaceted approach to stabilize and optimize the maritime supply chain.









