CNBC
April 5, 2023
Lori Ann LaRocco
ITS Logistics told CNBC that many clients across industries have been using ocean containers, rail containers, and 53-foot trailers for storage because distribution centers were full.
“These charges will start materializing in Q2 or Q3 financial results,” said Paul Brashier, vice president of drayage and intermodal at ITS Logistics.
The survey found 50% of respondents saying the average length of time they are using ocean containers for storage is over four months.
“We are seeing similar trends in our data and ecosystem,” Brashier said.
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