Where are all the containers? The global shortage explained - “Many are in inland depots. Others are piled up in cargo ports, and the rest are onboard vessels, especially on transpacific lines.”
North America currently faces a 40% imbalance; which means that for every 100 containers that arrive only 40 are exported. 60 out of every 100 containers continue to accumulate, which is a staggering figure considering the China to USA trade route sustains on average 900,000 TEUs per month.
And the punchline: “capacity likely won’t normalize until Q2 2021.“