CEO Adam Miller said rising barriers to entry could create opportunities for large carriers capable of recruiting and training drivers, while smaller competitors struggle with higher operating costs and regulatory requirements.
The order has propelled the global backlog of new vessels to the equivalent of 46.5% of the existing container ship fleet, the highest level since 2009, according to Linerlytica.
Shippers say more stringent rules from the CBP and dwindling leverage with ocean carriers are making them feel under siege when it comes to moving freight in the eastbound trans-Pacific.
