The East and Gulf coasts combined have overtaken the West Coast in port market share, but there are limitations the East needs to deal with, said panelists at a meeting of the Transportation Research Board.
Calls for the U.S. government to regulate the shipping industry in response to costly disruptions are misguided because conditions are the result of overwhelming consumer demand and unusual supply volatility caused by COVID, a leading freight economist said Wednesday. Port delays, insufficient vessel and container capacity, skyrocketing transport rates and terminal late fees have roiled .