Is air cargo really a bargain right now?
0 525 6 minutes read (Image: Jim Allen/FreightWaves)
This is an excerpt from Thursday’s (3/12) Point of Sale retail supply chain newsletter sponsored by ArcBest.
Retailers are stuck between playing the ocean waiting game and ponying up for air cargo. The number of container ships in San Pedro Bay has hovered around 30 since the start of the year and levels remain stubbornly high. As of Wednesday, there were 31 at anchor. The CMA CGM Marco Polo with a capacity of 16,022 twenty-foot equivalent units (TEUs) has been stuck at anchor the longest, since Feb. 27. The median time a container ship spent anchored outside the port last week was just over 7.5 days before it could head to berth.
Share:
This is an excerpt from Thursday s (3/12) Point of Sale retail supply chain newsletter sponsored by ArcBest.
Retailers are stuck between playing the ocean waiting game and ponying up for air cargo. The number of container ships in San Pedro Bay has hovered around 30 since the start of the year and levels remain stubbornly high. As of Wednesday, there were 31 at anchor. The CMA CGM Marco Polo with a capacity of 16,022 twenty-foot equivalent units (TEUs) has been stuck at anchor the longest, since Feb. 27. The median time a container ship spent anchored outside the port last week was just over 7.5 days before it could head to berth.
On your next trip to Costco, don t be surpr.
Posted: Mar 9, 2021 2:09 PM
Posted By: CNN
On your next trip to Costco, don t be surprised if you can t find your favorite cheese.
Costco is having trouble stocking imported cheeses because of a shortage of shipping containers around the globe and bottlenecks at key West Coast ports, such as Los Angeles, Long Beach, Oakland and Seattle. The combination has led to delays for suppliers shipping their goods, retailers like Costco receiving products, and higher costs along the supply chain. Overseas freight has continued to be an issue in regards to container shortage and port delays. This has caused timing delays on certain categories, Costco chief financial officer Richard Galanti said on a call with analysts last week.
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
Costco running out of some cheese due to shortage of shipping containers abc7ny.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc7ny.com Daily Mail and Mail on Sunday newspapers.