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Surplus containers are piling up at warehouses as demand wears out, resulting in rising demurrage and detention charges, contributing substantially to operational costs for shippers. This was discussed during a recent webinar hosted by Container xChange.
A panel of speakers from Drewry, S&P Global, and Container xChange discussed the impact of charges on shippers worldwide amidst the changing dynamics of demand and supply for containers on a global scale.
Read more in an article from the American Journal of Transportation