America’s biggest ports face a new kind of paralysis
Rather than too much cargo as last year, ships are now bringing in too little
It was called the tweetstorm that saved Christmas. In October 2021 scores of freighters idled at anchor off the west coast of America unable to deliver imports to docks already choc-a-bloc with containers. To find out what was wrong Ryan Petersen, founder of Flexport, a logistics firm, took a boat tour of America’s biggest port complex. He concluded that the adjacent ports of Los Angeles and Long Beach were at a standstill largely because of a shortage of space, which meant empty containers could not be removed from the dock. “OVERWHELM THE BOTTLENECK!” he tweeted. The thread went viral. Politicians were stung into action. Long Beach relaxed restrictions on how high containers could be stacked. Goods moved again. Santa Claus heaved a sigh of relief.
This article appeared in the Business section of the print edition under the headline “Terminal velocity”
Business December 17th 2022
- Can the French nuclear industry avoid meltdown?
- Why Mumbai’s old business district is so shabby
- Tech lay-offs are the latest blow to office landlords
- Big tech pushes further into finance
- German retailers aren’t feeling very festive
- The enduring value of an analogue technology
- America’s biggest ports face a new kind of paralysis
More from Business
Meet the ambitious wolf cubs of Wall Street
A duo of whippersnappers is taking on Goldman Sachs
What next for US Steel?
The faded industrial icon has few good options without a Nippon deal
Foxconn and other gadget-makers are expanding their empires
The world’s contract manufacturers are moving into new products and places
The signals of workplace submissiveness
Deference is all around you, unfortunately
America’s internet giants are being outplayed in the global south
From e-commerce to online banking, regional competitors are innovating rapidly
Will Mark Zuckerberg’s Trump gamble pay off?
He risks making enemies elsewhere