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Is that due to capacity at ports being restricted by lack of downstream capacity (ie trailer availability)?
by TakuYam 5y ago
Is that due to capacity at ports being restricted by lack of downstream capacity (ie trailer availability)?
- cool_dude85 5y agoI have read, without a lot of evidence to be fair, that port capacity is a small part of it. Overseas container shipping companies had, pre-pandemic, been competing so heavily that they were often running a loss and hoping to make it up on volume. They used the pandemic to sort of consolidate and lower capacity by decommissioning ships and so dramatically increase per-container price. Not sure if there's a lot of clear evidence for it, but it's one explanation I read.