U.S. officials say the trade deficit reached over 75 billion dollars in June, in large part because there are more imports than exports and transportation industry bottlenecks are making it worse.
Industry leaders say container ships have to wait days to unload cargo, while rail yards are overflowing with cargo, trailer trucks are stuck on the roads, and warehouses are filled with goods.
Officials say the enormous shipping rate difference between Asia-North America routes means cargo ships are leaving U.S. ports empty because there's so much demand for imports from American consumers.
As a result, shipping companies can charge substantially more to bring goods from Asia to the west coast making it more profitable to head back to Asia with empty containers.
This situation is delaying shipments of many construction parts to machine owners around the country. Undercarriage is especially hit hard, making it important for machine owners to think a few months ahead when it comes to machine maintenance.
Here at ConEquip Parts, we are able to draw from multiple resources, in an attempt to reduce the wait time.
