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| L.A. Cargo Crisis Ends as U.S. Imports Crash |
| 2022-10-24 |
| [Breitbart] See? All good now. The cargo crisis that saw a record-breaking 109 ships waiting to dock at the ports of Los Angeles and Long Beach earlier this year has ended, with only four ships waiting this week, thanks to a drop in imports as the U.S. economy contracts, suggesting recession. As Breitbart News reported throughout last fall and winter, the number of cargo ships waiting offshore skyrocketed last summer — as Secretary of Transportation Pete Buttigieg took unannounced paternity leave for two months — partly due to pent-up demand in the wake of the pandemic. President Joe Biden promised to move the ports to 24/7 shifts, though that did not happen because of a lack of truck drivers. Other methods, such as penalizing shipping companies for containers left on the dock, were only modestly successful. Shipping companies moved more of their ships to other ports, though that simply shifted congestion to the East Coast; the cargo crisis continued, as the number of ships awaiting docking overall hit a new record in August. But an easing has begun in earnest, according to the Wall Street Journal, which cited a rapid decline in U.S. import volumes as the economy contracts as the reason: Bottlenecks continue to delay cargo at other major U.S. seaports and at inland freight hubs, but the end of the backup at the big ports in California signals broader supply-chain tangles that have been troubling retailers and manufacturers are unwinding. Seatrade Maritime News confirms that while volumes are rising at East Coast ports, they are falling rapidly in the West. It added that “market reports have pointed to inflation in developed economies and low consumer confidence as negative factors for container volumes. For the US in particular, multiple reports have noted high retailer inventories as further reason for volumes to soften.” |
| Posted by:Frank G |
| #12 And speaking of Halloween ["Eeeek!"], We've sent that Buttigieg freak To ["Next stop, Harvard Square."], Where you'll make a great pair On the faculty there, Meester Veek. |
| Posted by: Elmatch Shiter4579 2022-10-24 21:29 |
| #11 BTW, a final pro tip to our national treasure Buttigieg on shooting the hostage: Keaneau didn’t mean a head shot. |
| Posted by: Super Hose 2022-10-24 21:05 |
| #10 Turns out Buttigieg is a logistical idiot savant. No one else would have figured out that the solution to the transportation crisis was to obliterate all economic activity. There hasn’t been this type of outside the box problem solving since Keaneau Reeves shot the hostage in speed - maybe it was Emu Williams, I get them mixed up. Anyway, we should just declare him a national treasure and send him off to team teach at Harvard with Brian Stelter. I mean they should do that with Buttigieg not Keaneau … or Emu for that matter. |
| Posted by: Super Hose 2022-10-24 20:54 |
| #9 Saw another Big Food commercial trying to make hay off the current economy; playing up shrinkflation (not happening at our place!). This is in addition to different Big Food handing a steep discount when ordering online and picking it up yourself because gasoline prices. Also, Super Big Corp is running Christmas/Holiday Season commercials. Not good signs. |
| Posted by: swksvolFF 2022-10-24 17:43 |
| #8 ^ Sorry! |
| Posted by: NoMoreBS 2022-10-24 15:14 |
| #7 There are only 130 refineries in the entire U.S., and the major ones are vintage 1970's+. Consider that vulnerablity with the on-hand storage down to 25 days for the commodity that is the literal life-blood of our consumer/agricultural network. Link An overly long URL would have shown up in preview |
| Posted by: NoMoreBS 2022-10-24 14:00 |
| #6 Only four shipping waiting to be unloaded buts it's due to a shrinkage of the economy. Moreover, the price of diesel fuel is high and the inventory only 25 days. What's being done in D.C. is criminal. |
| Posted by: JohnQC 2022-10-24 11:43 |
| #5 The East Coast ports, particularly in the south, are not operated by commie unions as the West Coast. |
| Posted by: Procopius2k 2022-10-24 08:26 |
| #4 I read east-coast ports were crowded, taking away some of the west-coast crush. But I expect demand is also down... |
| Posted by: Bobby 2022-10-24 08:24 |
| #3 VESSEL TRACKING See what coming and going Worldwide from Port to Port and down to the Ship ID. There is a lot less ship traffic on the West Coast than there was 2 months ago, when they were piled up waiting weeks to dock and unload. However, with that said quoting (AAR) WASHINGTON, D.C. – October 19, 2022 – The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 15, 2022. For this week, total U.S. weekly rail traffic was 500,304 carloads and intermodal units, up 0.7 percent compared with the same week last year. Hint: So there is stuff still in the delivery chain, headed to the stores. Buy it now, IF you must have it. |
| Posted by: NN2N1 2022-10-24 08:20 |
| #2 For the first time in my life I am concerned that the Swamp Commies might really try something drastic like declaring martial law. Then the shit will really hit the fan. |
| Posted by: AlanC 2022-10-24 08:18 |
| #1 ...If the Red Tsunami does hit next Tuesday, look for Your Federal Gummint to declare a recession on Thursday and blame it on the Republicans by lunch. Mike |
| Posted by: MikeKozlowski 2022-10-24 06:45 |