Since announcing a $100 per container per day “Dwell Fee,” the ports of LA have seen a 33% reduction in aging cargo.
I don’t want to say companies were slow-walking this to raise demand—and prices—but it kinda sounds like they were slow-walking this to raise demand and prices. pic.twitter.com/r6GrFHnPvL
— Angry Staffer 🌻 (@Angry_Staffer) November 23, 2021
Say it isn’t so!
That’s exactly what they were doing. Just like oil, gouge the American consumer. Time for price controls of a war time economy.
Predatory Capitalism.
Capitalism has failed.
After initial congestion, the port of Oakland hired more union staff and cleared the backlog, and has been asking for more traffic to ease the supply chain backup since late last month.