Why Our Holiday Presents Could Be Delayed

When the Panama Canal reduces traffic because of a water shortage, it creates a logjam that could delay our holiday presents.

The Beginning of Terminal Gridlock

As cargo ships become larger, the supply chain benefits of their economies of scale are offset by the externalities they create at ports and beyond.

The Huge Impact of the Panama Canal Delay

The Panama Canal’s renovation was supposed to be done at the end of next year. However, the locks contracting group now is saying that the work is $1.6 billion more expensive than they expected–around 50% more– and they want extra…