In this episode, guest Joe Ruddy, chief innovation officer at the Port of Virginia, discusses how the maritime industry survived the rough seas of 2020 trade. Demand was light even before the pandemic, then fell off the cliff when Covid-19 struck, only to return with a vengeance in the latter part of the year. How did our nation's ports handle those changes, and what infrastructure is in place to keep goods flowing well in 2021 and beyond?
The trade war with China is not expected to go away under a new administration in Washington. Many importers are looking at diversifying their manufacturing, and even bringing some of it home or to nearby neighbors. But that is not going to be easy to accomplish.
And truckload capacity is tight and looks to remain that way for the foreseeable future. What are the factors driving that tight capacity, and is there anything shippers can do to hold down rates?
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Logistics Matters with DC VELOCITY