3 Stocks Immune to America's Port Crisis
These are trying times for the logistics and shipping industries.
A confluence of factors mostly tied to the pandemic and its aftereffects have led to logjams throughout supply chains, and the pressure is beginning to boil over at U.S. ports. About half a million containers are sitting on cargo ships off the port of Los Angeles, waiting to be offloaded, and on the Atlantic coast in recent days, at times two dozen or more ships have been anchored off the coast of Savannah, Ga., waiting to deliver their cargoes
The issues at U.S. ports figure to ripple across a wide variety of industries, and that has some experts worried already about the forthcoming holiday shopping season. But the port congestion also figures to create opportunities for some companies set up well to profit when demand exceeds supply. Here's why three Fools expect Union Pacific (NYSE: UNP), Eagle Bulk Shipping (NASDAQ: EGLE), Costamare (NYSE: CMRE) to power through this shipping crisis.
Source Fool.com
