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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (8055)	10/2/2021 12:47:31 PM
From: Elroy Jetson	Respond to of 13878

There are increased transportation costs and delays for people who deal with Asia, otherwise inflation is still dead. A lot of consumer products tried putting through major price rises earlier this year, which failed as consumers bought something else. . “You don’t build a church for Easter and Christmas. You build it for the average week,” said Jason Hilsenbeck, president of Load Match, a shipping equipment clearinghouse in Naperville, Ill. Excerpts of shipping snags as Asia shipping experiences the ultimate Christmas/Easter. One snag leads to the next. A mess for another 9 to 12 months. Before the pandemic, Ramirez, 44, could make seven round trips in an 11-hour workday moving customer's shipping containers from the rail yard to its destination. That number fell to just one or two, forcing him to switch to the less crowded overnight shift. Still, his earnings are down 20 percent. David McLaughlin, Road One’s chief operating and financial officer, “This is my 46th year in the business. I’ve never seen anything like this and it’s not easily resolved.” In July, when two of the nation’s largest railroads restricted shipments from the West Coast to their Chicago hubs, they reduced the backlog of containers jamming their facilities but made port congestion worse. As space aboard freight trains grew scarce, shippers switched to trucks, driving over-the-road freight bills up by 85 percent compared to April 2020, according to DAT Solutions. Before the pandemic, the cost of shipping one container to his 200,000-square-foot warehouse was less than $5,000. In late August, the bill hit $26,000.