U.S. ports update: Conditions ease at major ports but risks persist
Ports across the United States continued to face a variety of headwinds throughout the first half of 2022 — from elevated dwell times for cargo ships and landside bottlenecks to chassis shortages. However, conditions appear to have eased from earlier in the year at many major ports, according to Cushman & Wakefield.
“The ports sector has done a remarkable job of avoiding collapse over the past two years, and due to the hard work of countless people, the sector has started to see some improvements in the flow of goods,” said Jason Price, senior research director for Cushman & Wakefield. “That said, there are still incredible headwinds working against the sector and creating significant risks going forward.”
As increased port activity has persisted at most of the nation’s maritime ports, industrial demand has followed suit. Port industrial markets have proven to be some of the strongest in the nation as they feed some of the country’s most populous