The major challenges facing the container industry with unprecedented high freight rates, delays and bottlenecks are primarily driven by the extreme demand for imported goods from the US and the nation's consumers.
This is the candid response from the container carrier lobby group World Shipping Council (WSC) in the wake of US President Joe Biden signing an executive order last Friday which, among other elements, calls on the Federal Maritime Commission (FMC) to increase its focus on the competition situation and rates in the container industry.
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