Container lines are blaming massive port congestion in Southern California for mounting losses.
The companies say they are losing money as bottlenecks on the US West Coast [USWC] threaten to wipe out their hard-earned efficiency gains.
In the major ports of Los Angeles and Long Beach, the congestion has reached “a critical point,” says Hapag-Lloyd, which operates to the region as a member of the G6 Alliance.
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