Supply Chain Research

The U.S. Federal Maritime Commission has launched an “expedited inquiry” into port congestion charges, targeting eight container shipping which represented 50.2% of U.S. seaborne imports of containerized freight in Q2’21. That follows: a surge in “freight all kinds” (pre-surcharge) rates; a widening use of surcharges by container lines including those for port congestion; and the launch of President Biden’s Executive Order on promoting competition. Elevated rates reflect surging demand, with U.S. seaborne imports handled by all shipping firms having increased by 12.9% year over year in J...