5.5% of the global container fleet is sitting off-shore waiting to port today. That number has been growing steadily for a year.
There are reports today of 30 mile long lines for trucks waiting to load ships at Taiwanese ports.
Container prices are being bid above $10k consistently now every day. A 10x increase since prices began to rise in early 2019 as a result of the trade war we started with China.
This situation is not good and is getting worse by the day. But you can’t say any of this here or some emotionally stunted Duck Dynasty dude will call you names.
Oh well. Investors in
my dealership REIT will have the last laugh. ?