Port delays causing more shippers to shift to air cargo

Check out this CNBC article about the potential shift from shipping by sea to air. William George, our trade data analyst, comments on the losses Peleton suffered at the Port of Los Angeles in December of 2020 and how their major delay exemplified the increasing struggles of U.S. importers. Due to the combination of typical traffic at the L.A. port and COVID-19 precautions, congestion has gotten so bad that shipping containers have had to anchor outside the port for over two weeks at peak times. Air cargo may be the most viable option if these maritime shipping dilemmas persist.

Read the full article at https://www.cnbc.com/2021/03/05/retailers-pay-more-to-fly-bikes-to-hot-tubs-from-china-as-backup-at-us-ports-delays-deliveries.html