Even after a weak patch, America’s economy is still in high gear
High inflation, supply snarls—and strong growth momentum
MANAGERS AT HUB GROUP, a transport company, used to be able to click a few buttons at their headquarters in Illinois and, eight weeks later, receive a new shipping container from China, ready for use in America. Recently, though, Phillip Yeager, the firm’s president, faced a headache. After a long wait at the congested port of Long Beach, its container was at last next in line to go ashore. But the ship in front did not have a chassis for moving its freight and was blocking the landing berth. Mr Yeager’s team scrambled to find a chassis for it. Only then could Hub get its container, a full month late.
This article appeared in the Finance & economics section of the print edition under the headline “Inner strength”
Finance & economics November 6th 2021
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