Two-thirds of respondents to IPC’s survey had raised prices by an average of 14.5% in 2021. Sustained pressures on profit margins have some manufacturers considering addit...
Spot market transportation can cost between $3,500 to $4,000 per lane, while using in-house transportation only costs the company $600, said CEO Marc Lautenbach.
The ports of Los Angeles and Long Beach, whose maritime traffic jams have become emblematic of snarled supply chains, have already seen reduced vessel dwell times, Biden said.