NACD Asks Federal Maritime Commission to Address Shipping Challenges
ARLINGTON, VA — The National Association of Chemical Distributors (NACD) delivered a letter to the Federal Maritime Commission (FMC) urging the agency to move beyond fact-finding to advancing solutions that protect U.S. based importers and exporters from systemic shipping delays, price surges and unfair fees.
NACD reports that U.S. ports delays that arose at the onset of the coronavirus pandemic have only gotten worse. A recent NACD survey found that over 80% of respondents have experienced average delays of 11 days or more, with some delays reported to be as much as 150 days. Shipping costs are also up an average of over 80% since the outbreak of the pandemic. More than three-quarters of NACD members have lost revenue as a direct result of shipping delays, with half of respondents reporting that they have lost more than $100,000.