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May 21, 2021

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Unprecedented Volume Impacts Freight Rates & Service Levels Inversely

May 21, 2021 Global News, Market Updates
Unprecedented Volume Impacts Freight Rates & Service Levels Inversely

With eleven straight months of volume growth behind us, and no immediate end of sustained consumer demand in sight, ocean carriers and marine terminals continue to choke on the sea of import containers coming into U.S. ports. The COVID-19 virus caused intermittent labor shortages, by impacting drivers and longshoremen, and severely disrupted terminal efficiency and…

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