New “Excessive Dwell Fees” are the biggest news coming out of the Ports of LA/ LB right now. But, port officials at the Southern California terminals have officially decided to delay the $100 daily fee by a week due to the 26% decrease in cargo that’s taken place since the surcharge was first announced at the end of October.
While the industry continues to work to clear congestion, the FMC is launching a program designed to identify “data constraints that impede the flow of ocean cargo and add to supply chain inefficiencies,” according to gCaptain. In other news, Biden signed the $1.2 trillion Infrastructure Investment and Jobs Act on Monday, which “includes $550 billion in new infrastructure spending and comprises $110 billion for improvements to roads and bridges,” based on Supply Chain Dive’s latest insight.
And finally, shippers reliant on the Port of Vancouver should take note of some recent problems with flooding that are disrupting port/ rail operations.
To learn more about these stories and the week’s other top international shipping industry news, check out the following article highlights: