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Global Trade & Economics: Page 238

Long Beach Port Chief Sees Congestion Easing in Six Months

The head of one of the two ports in the U.S.’s busiest maritime gateway said he expects congestion that has caused upheaval throughout supply chains to improve in about six months’ time.

Container ships moored off the Los Angeles and Long Beach ports in Long Beach, California. Photo: Bloomberg.

House Passes First U.S. Ocean Shipping-Law Revamp in Two Decades

The House passed legislation Wednesday that provides the first major update of U.S. international ocean-shipping laws in more than two decades as the nation grapples with bottlenecks at its ports that are crimping supply chains.

Container ships berthed at the Port of Los Angeles in Los Angeles, California. Photo: Bloomberg.

Yellen Says Supply Chain Shift May Need Protectionist-Like Steps

Treasury Secretary Janet Yellen said that U.S. reliance on foreign supply chains has proved a vulnerability and that the country needs to produce more critical goods domestically in order to protect both its economic and national security.

Janet Yellen, U.S. Treasury secretary, listens during a House Financial Committee hearing in Washington, D.C. Photo: Bloomberg.

The World's Relentless Demand for Chips Turns Deadly in Malaysia

The tragedy in Muar shows the little-understood human cost of keeping supply chains running in a pandemic.

STMicroelectronics STM32F205 integrated circuit microchips (IC's) in a storage tray. Photo: Bloomberg.

The Time Is Ripe for U.S.-Made Clothing, American Giant’s CEO Says

After years of preaching about the benefits of making clothing in America, Bayard Winthrop now has a much more interested audience.

A clothing tag reads 'Made in U.S.A.' Photo: Shutterstock.

U.S. Ship Logjam Stretching Far Into Pacific Is Longer Than Ever

The number of container ships headed for the busiest U.S. port complex has risen to close to 100 under a new counting method, underscoring the magnitude of the economy-restraining logjam that the Biden administration is trying to help alleviate.

Port of Long Beach in Long Beach, California. Photo: Bloomberg.

Biden Sees Progress in Supply Crisis Amid Faster Inflation

President Biden said his administration’s work has begun to alleviate supply chain disruptions and that higher inflation is a “natural byproduct” of the global economy’s recovery from the pandemic.

U.S. President Joe Biden delivers remarks on supply chain bottlenecks ahead of the Christmas shopping season. Photo: Bloomberg.

Rising Battery Costs Hit Carmakers, Threaten Climate-Change Push

Soaring commodity prices and supply chain bottlenecks are threatening to push up the cost of batteries seen as crucial in the fight against climate change.

A lithium-ion automotive battery pack sits on a chassis. Photo: Bloomberg.

Record Volumes at L.A. Ports to Become ‘New Normal’ After Crisis

The record volume of cargo moving through the U.S.’s busiest port complex is likely to continue amid high consumer demand for goods, the head of the Port of Long Beach said.

Container ships moored off the Los Angeles and Long Beach ports in Long Beach, California. Photo: Bloomberg.

Shipping Giant Offers Cash to Help Clear L.A. Port Glut

One of the world’s biggest ocean carriers is dangling incentives of as much as $200 a container for help in clearing the backlog at Southern California’s ports.

Shipping containers in the Port of Los Angeles in Los Angeles, California. Photo: Bloomberg.

Toymaker’s ‘War Room’ Goes 24/7 So Gifts Can Reach U.S. Stores

The journey of Tonka’s Mighty Dump Truck toy from its Asian factory to U.S. stores offers a window into what it takes for a small toymaker to survive 2021.

A collector's edition set of Lincoln Logs sits on display. Photo: Bloomberg.

Port Congestion Eases in Asia While U.S. Battles Import Deluge

Asia’s largest ports are showing signs that congestion is easing ahead of the holiday season, a potentially positive step for key trade gateways in the U.S. that are still battling an influx of imports.

A container ship leaves the Port of Ningbo-Zhoushan in Ningbo, China. Photo: Bloomberg.

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