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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