Worsening Situation for Importers

How long the congestion will last depend largely on the number of imports from now until the peak season in August. The port of Los Angeles said that weekly imports so far this year were “30% to 40% higher†than the port’s throughput in 2019 and previous years.  The cargo congestion has taken a toll for importers and exporters alike. With the spiraling pricing from containers out of major ports in the world have spiked up the container rates doubling the already premium surcharges