The good news is that new courier and warehouse worker employment grew by 40,000 in August. This represented about 17% of the total growth in US-wide August employment.
In the short-term, U.S. Port executives say they expect the logjams stretching from China to Midwestern container terminals to extend beyond the Lunar New Year in February. In the longer-term, consensus is container capacity is likely to fall short of demand in the later years. (Financial Times) Nearly 6% of the world’s dry-bulk fleet is idled at anchor off China’s coast because of severe port congestion. (Lloyd’s List)