Soy Transportation Coalition on the shipping container investigation
A new investigative report from CNBC found that international shipping carriers rejected nearly 180,000 export containers at four major U.S. ports during October and November, adding up to a loss of $630 million dollars, but the pattern started as early as June, with the loss at those ports at more than a billion dollars.
Dave Salmonsen with the Farm Bureau told us how the shortage is impacting California producers who use the containers, rather than bulk shipping freighters. It is also costing them money as they wait.
The Executive Director of the Soy Transportation Coalition, Mike Steenhoek, speaks with RFD-TV’s own Tammi Arender on the products being shipped, how this has impacted cost, and the ripple effect it is having.
“We’re pleased that the Federal Maritime Commission is investigating if there is any inappropriate behavior by the ocean carriers. One of the things that I really try to convey to the ocean carriers is, we get that there is a big rate disparity between the inbound cargo freight and the outbound cargo freight heading back to Asia, but if you want to have a long-term relationship with your ag exporters... than providing that predictability and that reliability of service is going to be really critical,” he states.
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