Canceled sailings, stuck vessels, warehouse prices show U.S. ports are still struggling

• An increase in container vessels anchored off of Savannah and Houston is one sign of a global shipping industry that has moved more cargo away from the U.S. West Coast.
• A big beneficiary is East and Gulf coast warehousing, where higher container delivery volume is pushing up prices.
• Ocean carriers are canceling sailings as result of U.S. port congestion, and even as container volume from China is way down, U.S. ports continue to have productivity issues.

https://www.cnbc.com/2022/08/25/china-shipments-are-way-down-but-us-ports-are-still-struggling.html