The nation's busiest port complex will delay fines for lingering containers after reporting that the amount of aging cargo on the docks has declined by 33% since late last month
The nation's busiest port complex will delay imposing fines on carriers for lingering containers awaiting pickup, citing significant improvements in the supply chain.
The directors "are satisfied with the progress thus far" but will continue to monitor the situation and will reassess the implementation of the fee next week. that since the October announcement of the new fee, the ports have seen a decline of 33% in aging cargo on the docks. The development came as the nation contends with a supply chain squeeze while American shoppers ramp up their purchasing for the holiday gift-giving season. President Joe Biden's administration has sought to relieve pressures on the supply chain as the otherwise-strong United States economy contends with inflation, a labor shortage and elevated levels of Covid infections.