Supply shortages started over a year ago as COVID-19 responses created mass interruptions. Here's what happened and what's next.
America's busiest ports are clogged with containers because of a breakdown in the supply chain network. Truckers are struggling to ease the backlog.
"We're through the worst of it," GXO CEO told Bloomberg. "Hopefully, things will look a bit smoother as we move forward," he added.
There are more than 70 container ships floating off the coast of Southern California waiting to dock and unload amid the supply chain crisis.
Clogged up warehouses and a lack of available chassis mean that truckers can't collect cargo from crowded ports, experts say.
The idea is to ease port jams and allow the record number of ships stuck off the coast of California to dock at port.
"If there are no trucks coming to pick-up or no warehouses open at 3 a.m., it's kind of a moot point," Brian Bourke of Seko Logistics told Bloomberg.
The ports of Southern California hit a new record on Monday, with 100 vessels floating off the shore waiting to dock and unload.
100 ships are waiting at anchor or in holding areas to dock and unload. Before the pandemic, the ports never saw more than 17 ships waiting to dock.
The port is coming off a record-breaking month of traffic as the entire industry reckons with logjams spurred by rising demand for consumer goods.
Issues like labor shortages and port congestions are contributing to delays and disruptions retail companies face ahead of the 2021 holiday season.
The Port of Los Angeles was adding new off-peak night shifts and weekend hours so it could move more cargo, the White House said.
Ali F. Elmezayen bought more than $3 million of life and accidental death insurance policies for him and his family between July 2012 and March 2013.
Elon Musk plans to blast a tourist around the moon in a ship made by his rocket company, SpaceX. The private lunar mission is meant to demonstrate a new two-part launch system called Big Falcon Rocket, which is designed to eventually bring humans to Mars. Engineers are building a prototype […]
Elon Musk is working on something out-of-this-world in Los Angeles. The founder of SpaceX has spoken for years about building the Big Falcon Rocket: a giant reusable launch system designed to get people to and from Mars (and perhaps around Earth). Most recently, Musk said SpaceX hopes to begin short […]
Los Angeles Mayor Eric Garcetti gave his annual “State of the City” speech on Monday. During the speech, Garcetti announced that SpaceX will build Big Falcon Rocket ships for Mars in the Port of Los Angeles. SpaceX, founded by Elon Musk, applied for permission to build a 200,000-square-foot factory at […]
