The container shipping industry is in the midst of a continuing surge in traffic as global supply chains recover from COVID-19 related industrial lockdowns. U.S. seaborne imports of containerized freight jumped 16.8% year over year in October to reach a record high. Rapidly rising shipping rates, surcharges and instances of equipment shortages are stressing supply chains. All the top 10 container lines on U.S.-inbound, seaborne routes experienced an expansion in October, led by MSC and Maersk’s growth of 43.5% and 25.8% respectively. ONE is behind the pace with growth of just 11...
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