Panama Canal says shipping rebound is underway after record drought

The Panama Canal, a masterpiece of engineering and a pillar of global maritime trade, handles 6% of the world's freight traffic. Its expansion in 2016 allowed the passage of larger vessels, such as neopanamaxes, expanding connectivity to 36 new routes, 220 ports and 10 new countries. Today, the Panama Canal connects 180 shipping routes and 1,920 po... See more

Until we can focus on what actually clears the ports, rail yards and warehouses, and goods can begin to move at a pace that aligns more closely with the growth in consumer demand, there’s nowhere for the containers to go, and the number of ships waiting to unload will continue to grow.