Global Cargo Traffic Jam Could Last Into 2022, Freight CEO Warns
- C.H. Robinson projects double-digit rise in trucking prices
- Maritime ‘has no fast way to recover,’ Biesterfeld says
Photographer: Mario Tama/Getty Images
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A cargo traffic jam on the world’s roads, seas and air corridors could easily continue into next year, continuing to increase shipping costs, according to the head of one of the biggest U.S. freight brokers.
“The domestic freight markets are extremely dislocated and the global air-freight and ocean markets have tremendous amounts of constraints around them,” said Bob Biesterfeld, chief executive officer of C.H. Robinson Worldwide Inc. “We could be standing up a pretty strong freight market throughout 2021, if not into 2022.”