Home > News > Backlog Spikes Amid Continued Stress on U.S.-China Shipping Containers

Months of U.S. supply chain issues and climbing shipping rates continue to plague already-struggling U.S. ports. Now, new data shows U.S.-China shipping rates have dropped more than 50% in just one month. Earlier this month, the Port of LA shared they have seen a 30% increase in cargo shipping, and a 23% decrease in exports. The reason? Consumer demand for products coming from China has continued to grow, especially throughout the pandemic. Agricultural exports serve as a casualty amid the high shipping rates and competition for shipping containers from Asia-based factories. Read more on shipping prices and container stress on U.S. ports.

Subscribe

Be among the first to learn about the ever-changing crop insurance industry by subscribing to the ProAgMessaging system.