US shutdown poses risk of 'truck misery' on border delays
[NEW YORK] A protracted government shutdown threatens to add backups at US borders that would boost freight rates, adding to costs for consumers and commodity shippers already coping with tariffs, according to the chief of a logistics firm.
The government closure is already the longest on record, with few signs that a breakthrough is imminent in the stalemate. Some airport security lanes were closed as the Transportation Security Administration grappled with absenteeism, and concern is mounting that similar backups will grow at checkpoints on highways and ports.
"Just to rewind for a second, you're already seeing TSA shutting down lanes in certain sections of airports: What's going to happen at the border crossings?" said Anton Posner, the chief executive officer of Mercury Resources LLC, a supply-chain management and consulting firm.
Government agencies clear goods at the border, and delays could mean shippers would lose business, Mr Posner said in an interview at an aluminum-industry conference in San Diego.
"The Canadian producers are already dealing with the tariff, now add on truck misery at the border because of the government shutdown."
BLOOMBERG
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
GM CEO Barra compensation fell 4% in 2023 to US$27.8 million
Boeing reports first revenue drop in 7 quarters as deliveries decline
Volkswagen to keep China market share stable as price war rages
COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill
Tesla profits tumble but shares rise on new vehicle plan
Volvo Cars see good demand this year after higher Q1 unit sales