On October 25, the Port of Los Angeles announced that in order to improve the operational efficiency of American ports and improve congestion, the ports of Los Angeles and long Beach will implement a new policy-- levying a new surcharge on shipping companies. applicable to imported containers stranded at the terminal.

The Biden administration says the new policy is designed to ease growing congestion on cargo ships.

According to the new policy, starting from November 1 this year, the ports of Los Angeles and long Beach will charge shipping companies a surcharge of US $100 per carton and an additional US $100 per carton per day for containers overdue by trucks and railways.

For containers transported by truck, a surcharge will be charged to the shipping company if they stay at the terminal for more than 9 days (including 9 days), and for containers transported by rail for more than 3 days (including 3 days), a surcharge will be charged to the shipping company.

"We have to speed up the flow of containers at the port to reduce the number of ships waiting," said Gene Seroka, executive director of the port of Los Angeles. At present, the above two types of containers account for 40% of the total number of containers in our terminal. If these boxes can be cleaned in time, the dock will have more space to handle the goods. "

In a statement announcing the measure, Mario Cordero, executive director of long Beach Port, explained that the terminal was running out of space and that immediate action must be taken to speed up the flow of containers and make room for containers that were about to be unloaded.

White House Press Secretary Jen Psaki told CNBC on Tuesday that the Biden administration will continue to promote solutions to supply chain problems and plans to discuss global business disruptions with world leaders at the G20 summit this weekend.

Earlier this month, the Biden administration announced plans for 24-hour operation of the ports of Los Angeles and long Beach to solve the bottleneck, but the effect is not obvious.

At present, for American merchants, Black Friday and Christmas year-end shopping season has entered the countdown.

However, due to the impact of global supply chains and heavy congestion at ports, the supply of goods in the United States has been massively disrupted, making it a big question whether there will be an adequate supply of goods during the year-end shopping season.

Awi Federgruen, an expert in production and supply chain management and a professor at Columbia University Business School in New York, explains: "it's not just about repairing the port, it's part of a very long supply chain. Extending working hours at California ports and reducing unloading time by 25% will not solve the whole problem. "

Wall Street news has also been mentioned before, Goldman Sachs GroupIt is believed that the fundamental imbalance between supply and demand in US ports cannot be solved immediately in the short term, and congestion may continue to some extent until at least the middle of next year.

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