What a difference a year makes. At this time in 2022, over 100 container ships were stuck waiting off the ports of Los Angeles and Long Beach, California, with around 150 off all North American ports combined. Now, there are almost no ships waiting in Pacific waters and increasingly few off the East and Gulf coasts.
Ship-position data showed just 30 container vessels off North American ports on January 6. All remaining queues are down to single digits per port.
And factory closures for Asia’s Lunar New Year holiday are expected to depress U.S imports in the first quarter, giving ports a chance to clear out the last of the queues.
Read more in an article from FreightWaves.