Key California ports delay container fees

Bloomberg

California’s ports of Los Angeles and Long Beach delayed charging fines on containers that sit on the docks for too long for a second time this month, arguing the threat alone is helping clear lingering boxes from space-constrained terminals.
The plan to charge carriers at least $100 daily for each container waiting nine days or more for trucks to pick them up was put on hold until November 29, when a decision on whether to charge the penalties will be reassessed, the ports said in a statement.
The build-up of cargo at the main US gateway for imports from China is contributing to goods shortages and price increases ahead of the holiday shopping season. Strained supply chains have become an economic drag on the world’s largest economy and a political risk for President Joe Biden as the disruptions put upward pressure on inflation.
The so-called dwell time for containers awaiting pickup by trucks at the US’s two largest ports climbed to a record 7.64 days in October. Since the hubs first announced the fee on October 25, they’ve seen the number of containers awaiting collection fall by one-third.
At Los Angeles, the number of idle containers was down 38% overall, with the tally of boxes waiting nine or more days 53% lower, the port said in an email. The ports originally planned to start collecting the penalties on November 15, then postponed that to
November 22.