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West Coast port crisis caught in infrastructure debate
Trans-Pacific container rates from Asia to the U.S. that have doubled from a year ago to approximately $5,000 per box demonstrate an urgent need to pass President Joe Biden’s infrastructure package, according to a top West Coast port official.
Testifying on Thursday before a subcommittee of the House Ways & Means Committee which is responsible for figuring out how to pay for the massive $2.3 trillion proposal Port of Long Beach Executive Director Mario Cordero told lawmakers that a lack of containers, intermodal chassis and on-dock rail capacity has hit an inflection point.
West Coast port crisis caught in infrastructure debate
Rail investment, round-the-clock operations critical to keeping up with demand, Long Beach port director tells Congress Import demand continues to surge on West Coast. (Photo: Port of Los Angeles)
Trans-Pacific container rates from Asia to the U.S. that have doubled from a year ago to approximately $5,000 per box demonstrate an urgent need to pass President Joe Biden’s infrastructure package, according to a top West Coast port official.
Testifying on Thursday before a subcommittee of the House Ways & Means Committee which is responsible for figuring out how to pay for the massive $2.3 trillion proposal Port of Long Beach Executive Director Mario Cordero told lawmakers that a lack of containers, intermodal chassis and on-dock rail capacity has hit an inflection point.