Biden hopes fines on lingering containers ease congestion at major U.S. ports

Biden hopes fines on lingering containers ease congestion at major U.S. ports
"The Biden administration is hopeful new fines imposed on carriers at the nation’s busiest port complex will ease the intensifying logjam of cargo ships.

• The twin ports of Los Angeles and Long Beach will charge carriers $100 per day for each container lingering past a given timeline starting Nov. 1.
• The nation’s knotted supply chain is bearing the brunt of surging consumer demand, high transportation expenses, crippling labor shortages, overseas manufacturing delays, trade policies and inflation.

...White House press secretary Jen Psaki told reporters Tuesday that the administration continues “to press on ways to address issues in the supply chain,” adding that Biden plans to discuss global commerce disruptions with leaders at the G-20 meeting this weekend...Read all.