Excerpts from the Journal of Commerce:
Congestion and delays at the largest U.S. port complex are pushing up outbound spot market truck rates from the Los Angeles-Long Beach market, according to DAT Solutions.
As containers and shipments back up on the docks and in warehouses, outbound spot rates from the region are “atypically high,” said Mark Montague, DAT industry pricing analyst.
At the end of the day, the port delays, chassis shortages and rising spot rates “make it awfully challenging for supply chain managers to have the right things on the shelf,” Jon Slangerup, executive director of the Port of Long Beach, said at a California State University seminar Wednesday.