Delivery giant grows its network of sites where customers can send back packages by adding 10,000 Happy Returns drop-off locations.
Shipping companies need to cover their higher costs, but there's a limit to how much they can pass on to customers.
Softening demand and high inventories are to blame.
The Port of Oakland wants to shorten the stays of shipping containers at its marine terminals.
China’s COVID-19 lockdowns, which shut down much of the country’s manufacturing and exports, are partly to blame.
From the shipping slowdown in China to the excess of inventory on hand, there are a number of likely reasons for the drop.
The White House has pushed changes at ports to fix supply chains and ease prices, but high demand for goods continues to exert pressure.
Some containers have been sitting in storage for years. Experts say the problem has more to do with moving them to the right places than increasing the number in circulation.
“There’s nothing I can do,” said India Hynes, CEO of appliance importer Vinotemp.
New fuels, new policies would be needed soon to meet the goal of net-zero carbon emissions by that date.