According to multiple sources, over $30+ billion dollars in trade are stuck at the port or stuck at sea due to port congestion in the United States. MarineTraffic estimates there are over 460,000 twenty-foot container equivalent units (TEU’s) on vessels waiting off the East Coast and 180,000 TEU’s off the West Coast. MDS Transmodal estimates the total value of the value of trade stuck on the water is over $30+ billion.
In addition to vessels stuck on the water, the Port of Los Angeles and Long Beach highlight congestion on land – with 33,484 rail containers waiting nine days or longer at the Port of Los Angeles and Port of Long Beach combined.
Do you have an import, export, trade or compliance related problems, contact David Hsu by phone/text anytime at 832-896-6288 or by email at email@example.com.