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Wed Nov 24, 2021, 12:21 PM

California docks see 'significant progress' with supply chain backlog, port chief says

WASHINGTON The executive director of the Port of Long Beach said Wednesday that the twin ports in California are making "significant progress" in addressing the backlog of cargo ships and containers.

"I think we're moving forward with some progress and hopefully, as we move into the next six months we're going to continue to mitigate the scenario that we're seeing here," Mario Cordero, executive director of the Port of Long Beach told CNBC's Becky Quick on "Squawk Box."

Cordero said that the twin ports of Long Beach and Los Angeles, which account for 40% of sea freight entering the United States, are working around the clock to offload containers.

In order to address the backlog of container ships, congestion caused in part by a global shutdown following the coronavirus outbreak, the twin California ports announced unprecedented fees on shipping carriers.

https://www.msn.com/en-us/money/companies/california-docks-see-significant-progress-with-supply-chain-backlog-port-chief-says/ar-AAR5BQK

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Reply California docks see 'significant progress' with supply chain backlog, port chief says (Original post)
Yo_Mama_Been_Loggin Nov 24 OP
DeeNice Nov 24 #1
gratuitous Nov 24 #2
UTUSN Nov 24 #3
sarcasmo Nov 24 #4
PortTack Nov 24 #6
lame54 Nov 24 #5

Response to Yo_Mama_Been_Loggin (Original post)

Wed Nov 24, 2021, 12:38 PM

1. improvements in semiconductor supply as well

Communication from GM to suppliers this week:

"-Although we previously announced that [plant] would remain on partial production through the week of Dec. 27, given improvements in semiconductor supply we will be able to resume two shifts of production at [plant] beginning the week of Nov. 29.
- With that, production of [Vehicles A B & C] will move to two shifts of production the week of Nov. 29, and supplier schedules are being updated accordingly."

I don't know the impact our President could have had on the semiconductor situation, but we all know if it were bad news he'd get the blame.

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Response to DeeNice (Reply #1)

Wed Nov 24, 2021, 01:14 PM

2. If the news is bad, even on a temporary basis, it's Biden's fault

If the news is good, Biden doesn't get any credit, and have you seen his poll numbers? It's inexplicable how the President has such bad numbers when the media apportion him all of the blame and none of the credit (in stark contrast to the former guy).

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Response to Yo_Mama_Been_Loggin (Original post)

Wed Nov 24, 2021, 01:14 PM

3. K&R

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Response to Yo_Mama_Been_Loggin (Original post)

Wed Nov 24, 2021, 01:47 PM

4. 100 dollar per day fine on each container stuck at the docks. Money talks...

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Response to sarcasmo (Reply #4)

Wed Nov 24, 2021, 02:14 PM

6. Exactly!! Once again President Biden with the solution

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Response to Yo_Mama_Been_Loggin (Original post)

Wed Nov 24, 2021, 02:01 PM

5. Thanks Biden/Buttigieg

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