Overcapacity Plagues Freight Carriers

Overcapacity Plagues Freight Carriers
Overcapacity Plagues Freight Carriers

Low water levels driving weight restrictions and reductions in daily Panama Canal transits has created a backlog of about 150 ships waiting – some for more than a week – for passage, according to freight marketplace Freightos. This number leveled off the week of Aug. 14, and though the congestion is causing significant delays for…

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