Container Shortage and variations in the freight rates!

Ocean Freight shipments continue to experience significant delays and disruptions due to space constraints and equipment shortages. Due to the heavy volume of freight being shipped, Steam Ship Lines are consequently booked for several weeks out due to the high demand by exporters and importers for space and service. Port congestion continues to be a challenge on the US West Coast as a result of the large volume of cargo coming in from Asian regions. The delays at the port have a ripple effect on the rail and trucking further extending transit delays. Export delays persist as well along with booking availability from US Origins. Steam Ship Lines are currently booked out anywhere from 4 – 6 weeks. Shipping times are elongated due to congestion, lack of equipment and space availability. The delays are industry-wide and are affecting all logistics service providers collectively.