America’s supply chain crisis is far from over. Persistent backlogs at West Coast ports have led shippers to reroute their cargoes to the east. As a result, container ships now sit offshore at ports such as New York, Houston, and Savannah, waiting in queue to offload.
By Nick Savvides in Long Beach (The Loadstar) – US President Joe Biden will today take aim at shipping’s exemption from competition law, saying his administration will target regulations that allow carriers.
Supply chain issues and high shipping rates have thrown a spotlight on the market concentration of shipping lines and their legal immunity from antitrust laws.