Container-Ship Logjams Off US Ports Finally Easing as Imports Fall
The good news is that there were fewer than 100 container ships stuck waiting off North American ports on Friday. The bad news is that there were still 99 container ships offshore and the pre-COVID norm was in the single digits.
There’s still a long way to go to clear the backlog. But the current tally is now back to June levels and 35% off recent highs.
The number of ships waiting off North American ports peaked at around 150 in January, with waiting vessels almost...
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