91ÊÓƵ

The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.

Transpacific shipping costs have fallen by 53% in the past three months.

Consumers and exporters saw financial turmoil from tumultuous international shipping practices in the past year. But the Port of Vancouver was not impacted like other harbors were.

President Joe Biden on June 16 signed the Ocean Shipping Reform Act, a legislative package designed to bolster the domestic shipping industry, and which drew praise from transportation and business leaders.

WASHINGTON — President Joe Biden launched a renewed push June 9 to reduce the costs of shipping goods across oceans, a major challenge for retailers that the White House said has pushed up prices as the world emerges from the coronavirus pandemic.

The giant ports in Southern California and across the U.S. greatly lag their counterparts in Europe and other regions using digital technology to optimize operations. That was the consensus of a panel discussion at the Metrans International Urban Freight Conference.

Imports continue to dominate the cargo at the nation’s ports, and the nation’s busiest — the Port of Los Angeles — reported its second-busiest April in its 115-year-plus history,

China locking down key port cities because of a new outbreak of the coronavirus could have serious ramifications for trucking in the United States.

As supply chain woes continue to affect the commercial transportation industry, Sen. Amy Klobuchar called on colleagues to pass legislation meant to facilitate the movement of freight at the nation’s ports.

Container ports in March were operating at, or near, record levels on the Pacific and Atlantic coasts.