News Snapshot:
Containers are camping en masse at China’s hectic Shenzhen port as the congestion in the U.S., and Europe bounces back to Asia, with ships unable to arrive in time for receiving shipments. According to the People’s Daily, trucked volumes entering Shenzhen’s Yantian terminal on Jan. 13 were almost 30% greater than in December because Southern Chinese manufacturers are making this last push to get goods out before the Lunar New Year holiday. But ships docking at the Yantian terminal are delayed on average by seven days. In addition, the number of vessels arriving from Europe and the U.S. has dropped...
