The bankruptcy of South Korea's Hanjin Shipping continues to have a ripple effect on importers trying to bring goods from Asian factories to the US, as it has resulted in a shortage of trailers to move ocean-shipping containers onto US roads, warns Reuters. In recent weeks, Hanjin's cargo ships were unable to dock at ports around the United States due to an inability to find enough space for their cargo, according to Reuters sources. “If it’s not fixed in the next couple of weeks, I think you’ll see a huge ripple effect across the industry,” warned Weston LaBar of Harbor Trucking Association in California. “People are waiting for the dust to settle to decide if they’ll buy and get into the used container business.” For example, Kroger, the grocery chain, said it had 880 containers tied up with Hanjin Shipping, and it did not expect to be able to return the containers once the products are received, meaning added costs and issues for the company.
The bankruptcy of South Korea's Hanjin Shipping continues to have a ripple effect on importers trying to bring goods from Asian factories to the US, as it has resulted in a shortage of trailers to move ocean-shipping containers onto US roads, warns Reuters. In recent weeks, Hanjin's cargo ships were unable to dock at ports around the United States due to an inability to find enough space for their cargo, according to Reuters sources. “If it’s not fixed in the next couple of weeks, I think you’ll see a huge ripple effect across the industry,” warned Weston LaBar of Harbor Trucking Association in California. For example, Kroger, the grocery chain, said it had 880 containers tied up with Hanjin Shipping, and it did not expect to be able to return the containers once the products are received, meaning added costs and issues for the company.