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China, COVID, and Civil Unrest
Under China’s zero-Covid policy, strict lockdowns are being blamed for an apartment fire that killed ten people when emergency services were delayed due to restrictions. The pushback has led to civil unrest in Shanghai, Beijing, Guangzhou, Wuhan, and Chengdu, further complicating the cargo situation that’s facing delays from Covid outbreaks impacting labor and transportation.   ...
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congestion issues still issues
Extensive congestion stress on U.S. ports is the most critical issue facing brokers and forwarders this year and to call the situation difficult is laughably minimizing a terrible problem. According to The Loadstar, last week there were 65 ships at anchor in San Pedro Bay, a current record-breaking number*. Amazingly, the current average transit time...
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