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

[FakeNoose]

Link to tweet

Santiago Mayer @santiagomayer_

The Biden administration put a $100 fine on every container stuck in the ports, and like magic,
corporations found a way to start moving them.

Funny how that works.

2:26 PM - Nov. 23, 2021



Thank you Joe Biden - once again you have shown us the way!

[IrishAfricanAmerican]

1. Joe Biden does it again!!

[Takket]

5. and yet most americans believe he not only caused the crisis, but is doing nothing to fix it...

thanks media!

[Budi]

2. Biden's an old pro at knowing just which arms need twisting, huh.

Seriously this is just one of his many skillsets that carried him from a formidable Senator to VP, to President...

We aare lucky to have him driving this car back up the cliff & onto to the brand new infrastructured road.

[KS Toronado]

9. Well I hope he uses a 4 wheel to get back up the cliff

His old Corvette might be to low to the ground for that trip.

[Budi]

11. Nooo..not the Vette!

[leftstreet]

19. Unless it's Manchin or Sinema's arms n/t

Last edited Wed Nov 24, 2021, 04:35 PM - Edit history (1)

[Budi]

20. Pffft. Manchin Schmanchin.. I'll leave that matter up to Joe Biden to handle.

Biden will have what he came for.

[Botany]

3. Walmart CEO Says Biden Instrumental in Supply Chain Improvements

https://www.newsweek.com/walmart-ceo-says-biden-instrumental-supply-chain-improvements-1652224

Joe Biden = Grown ups are back.

[PatSeg]

4. Yes and what a difference

when competent grownups are in charge!

[TlalocW]

6. Did the Biden administration do the fines

Or did the ports themselves? I can't find anything that says definitively either way. Just passive-voice stuff like, "Fines were to be levied..."

TlalocW

[gratuitous]

8. According to this tweet

Link to Open Thread at Balloon Juice here.

The $100 a day fine was imposed by the Port Authority in Los Angeles and Long Beach. Once containers started moving off the docks (like magic, or something), they lifted the fine. A 33% reduction in aging cargo! Hey presto!

I wonder if the news shows will have footage of the emptier docks the way they were running endless footage of cargo ships floating off the coast? Ha ha, no I don't wonder that at all! Because they won't.

[IronLionZion]

7. Some context

https://www.businessinsider.com/nearly-60000-shipping-containers-face-fine-at-backlogged-ports-2021-11

Warehouse storage costs are up so companies have been using the ports for storage. Corporations complain about all of it of course. But it does motivate them to find a way to move the containers out of the ports faster.

[Deminpenn]

17. I can believe that

nt

[Budi]

10. "These Biden "crises" never stop!....."

These Biden “crises” never stop!…..

@charliebilello
S&P 500 closes at an all-time high for the 66th time this year. Needs 12 more to break the record set in 1995 (77). $SPX

Link to tweet

https://www.democraticunderground.com/100216083991

[Baitball Blogger]

12. So, was the stall another effort to make Biden look bad?

[fescuerescue]

13. Hopefully he banned them from increasing cost to consumers too

That way the stockholders pay it, rather than the people buying the stuff.

[cstanleytech]

14. Case of the corporations deliberately causing shortages to

drive up prices and increase profits?

[dalton99a]

15. Kick

[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..

[FakeNoose]

23. I don't know, this is a tweet that went out 24 hours ago

Who said it was news?

Not me ....

[Drunken Irishman]

24. Probably because the supply chain is starting to move now.

https://www.wsj.com/articles/supply-chain-problems-show-signs-of-easing-11637496002

[Skittles]

28. because the results are now clear?

are you disappointed?

[former9thward]

18. The port authority issued this fine in October.

To go into effect Nov. 1. The Biden administration did not impose the fine.

https://www.cnbc.com/2021/11/02/port-of-los-angeles-gene-seroka-fines-for-lingering-cargo-starting-to-help.html

[Kid Berwyn]

21. LMAO!

Thanks, Joe!

[Hortensis]

22. That was last month and about a third of the laggards were reportedly moved.

Though eventually a serious problem, they were always a fraction of the containers, whose shippers have been mostly able to move out without too much delay.

Actually applying the $100/day fine, due to begin Nov 1, has reportedly been delayed several times now for various reasons. One thing they have to worry about also is creating a problem of abandoned containers. Hard to imagine, considering the typical value of the cargo, that $100/day could become painful in the short term, but apparently.

Heard on the news that it is now impossible for items still at the ports to turn up in stores in time for Christmas. Oh, the humanity.

[Blue Owl]

25. Whereas tRump would have just sat there on his gold toilet, being useless as fuck