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Shipping giants warn port and trucking bottlenecks could raise costs

The companies said congestion at ports and along trucking routes is worsening, which could tighten capacity and lift freight rates.

Reported · Written up by our desk · Trade & Tariffs

CNBC Markets reports that major shipping companies are warning that while global shipping demand remains strong, growing congestion at ports and trucking bottlenecks could delay deliveries.

According to the outlet, the added slowdowns are putting upward pressure on freight rates as logistics capacity tightens.

CNBC World echoed the same concern, pointing to increasing port and overland transport delays as a potential driver of higher shipping costs.

The companies framed the risk as a near term delivery constraint, with knock on effects for prices as cargo moves more slowly and costs rise.

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