15

Dec

The highly contested port fee plan, backed by the Biden administration with the intention of motivating container movement, is starting to lose its grandiose. Since the announcement, long-dwelling containers at ports were down by 50%, though the implementation date for the fee itself has been pushed back more than five times already. “My money says the new port surcharge may never be implemented — as long as we continue to improve the port congestion,” wrote shipping consultant Jon Monroe in his weekly newsletter. Monroe later wrote in the same newsletter, “… is [port congestion improving]? NO. But don’t tell anybody. This is best kept a dirty little secret left uncovered.” A recent article published by American Shipper reports on the current port congestion and subsequent fees. Read the article here.

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