June 13, 2022 — Container prices, which have already significantly increased globally, are expected to continue to spike this year.
“One of the big reasons why prices are going up is the cost of shipping things across the Pacific, in particular,” United States President Joe Biden said during a call with retailers, per Freightwave.
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May 16, 2022 — U.S. ports are processing a record number of shipping containers this spring.
U.S. ports covered by the National Retail Federation’s and Hacket Associates’ Global Port Tracker handled 2.34 million 20-foot equivalent units (TEU) – one 20-foot container or its equivalent – in March, up 10.8 percent from February and a 3.2 percent year-over-year increase, NRF said in a press release.
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