Source: FOX BUSINESS, 9/27/21


Despite mounting shipping delays and cargo backlogs, the busiest U.S. port complex shuts its gates for hours on most days and remains closed on Sundays. Meanwhile, major ports in Asia and Europe have operated round-the-clock for years. "With the current work schedule you have two big ports operating at 60%-70% of their capacity," said Uffe Ostergaard, president of the North America region for German boxship operator Hapag-Lloyd AG . "That’s a huge operational disadvantage."

For more of this story, click here