Cargo Container Shortage Slows Exports, Contributes to Inflation

Posted by Patrick O'Connor on 5/14/08 12:38 pm

U.S. exporters are running into serious bottlenecks at shipping ports.  Not only is there a shortage of ships, there’s also a major scarcity of shipping containers.
As a result, U.S. exporters that are trying to take advantage of the weak dollar cannot meet orders.  This is affecting prices for agricultural producers and anyone else who is shipping goods overseas.

“We could export a good 20% more in agricultural products from this country if there was the capacity to handle it,” said Peter Friedman, general counsel for the Washington-based Agricultural Transportation Coalition.

Read the Los Angeles Times article “U.S. exporters face cargo container shortage at ports” by Ronald D. White.

How can investors take advantage of this?  After all, there aren’t any publicly traded shipping container companies in the U.S., and most of the shipping lines are foreign, too.
You have to go overseas to invest in these sectors.  However, our International Growth portfolio has some positions that are benefitting from these shortages.  Learn More; Watch Video

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