The Biden administration put a $100 fine on every container stuck in the ports

[Javaman]

16. this went into effect Nov 1st. why is this news now?

https://www.cnbc.com/2021/10/26/biden-hopes-fines-on-lingering-cargo-ships-ease-congestion-at-major-us-ports.html


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

PUBLISHED TUE, OCT 26 20215:09 PM EDTUPDATED WED, OCT 27 202112:11 PM EDT


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.

The twin ports of Los Angeles and Long Beach announced Monday that containers moved by trucks will have nine days before fines start accruing and containers scheduled to move by rail will have three days.

In accordance with these deadlines, carriers will be charged $100 for each lingering container per day starting Nov. 1.

“The terminals are running out of space, and this will make room for the containers sitting on those ships at anchor,” explained Port of Long Beach Executive Director Mario Cordero in a statement announcing the measure.

more at link..