The Port of Long Beach is prioritizing dual bookings, where trucks both deliver and take away containers, to better manage continued port congestion. The start of the off-peak shipping season may not bring much relief. While shipments to the port declined by 9.5% in November versus October, that’s only inline with the five year average of 6.5% and the year over year growth of 16.0% was still significant. Neighboring Los Angeles likely saw even faster growth on a year over year basis with a 25.8% expansion in November while New York and Newark volumes rose by 30.8%. That likely means the ...
Supply Chain Research
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.