TOKYO/NEW YORK -- Shipping container traffic that had been severely congested during the pandemic is clearing and shipping prices are falling by a record margin in a sign that snags that had bedeviled global supply chains are finally easing.
According to Nomura Research Institute, the number of container vessels waiting offshore of the Port of Los Angeles-Long Beach has declined from more than 100 in January -- when it was at its highest -- to less than 10.
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