01
Oct
Higher Rates and Fuel Costs, while Congestion remains Elevated. And So Do the Geopolitical Tensions.
Global Ports
The Headlines: Global port congestion has reached a new record, surpassing even the worst levels of the pandemic era. In September, nearly 4 million TEU of container capacity sat idle outside ports for a variety of reasons. Ship waiting times this year have nearly doubled compared to the same period in 2019, and schedule reliability has plateaued in the 50 to 65 percent...