Port problems slow flow of goods before holidays; container ships idle off Los Angeles Oct 25th

TSX getting you down? There are always sound investment alternatives.
Latest News

The number of Canadian millionaires will jump by more than half in the next five years: Credit Suisse Oct 21st

The number of millionaires in Canada will jump by more than half in the next five years, a faster growth rate than other developed countries like the U.S., according to a new wealth report from banking giant Credit Suisse..... More »

Xiaomi’s Mi 11 Ultra is getting an ultra-limited release in India - The Verge Jul 5th

Xiaomi’s Mi 11 Ultra is getting an ultra-limited release in India  The VergeRedmi Note 10 Pro vs Xiaomi Mi 11 Lite: Specs Comparison  gizmochinaA famous leaker shows what might have been with discarded Xiaomi Mi 11-series designs  Notebookcheck.netXiaomi Mi MIX 4 with.... More »

At midday: Wall Street little changed, with earnings in sight + MORE Oct 9th

S&P 500 third-quarter profit growth seen slowing from prior quarters .... More »

What will happen to Afghanistan’s economy under Taliban rule? - Al Jazeera English Aug 19th

What will happen to Afghanistan’s economy under Taliban rule?  Al Jazeera EnglishAfghan central bank's $10-billion in assets likely not within reach of Taliban, officials say  The Globe and MailAfghanistan: Pakistan fences off from Afghan refugees  BBC NewsFATAH: This.... More »

Are you really ready to retire? Why many Canadians are struggling with retirement planning Mar 24th

Despite best intentions, many Canadians are not financially prepared for retirement. This reality is driven by a combination of factors: rising costs of living, growing debt levels, insufficient personal savings, and a lack of proper planning. Unexpected life events such as health challenges, job lo.... More »
LOS ANGELES, Calif. – The twin ports of Los Angeles and Long Beach are facing their biggest crisis in a decade as container ships idle offshore because cargo can’t be moved off the docks fast enough.
The bottleneck blamed on a surge of imports, shortage of truck trailers, and bigger ships hauling more cargo has created a seven- to 10-day delay for retailers anxious to stock shelves for the holiday season.
“This is really a perfect storm,” Port of Los Angeles Executive Director Gene Seroka told the Los Angeles Times (http://lat.ms/1FNkssF ) in a story Saturday.
Retailers are rerouting goods to other ports, and some shoe and clothing companies have begun transporting products by air, said Nate Herman, vice-president of international trade at the American Apparel & Footwear Assn.
“The delays are increasing, they are not getting better,” he said.
The problem is blamed on a variety of factors:
— Imports increased more than 10 per cent last month at both ports compared to a year ago…

Continue Reading On canadianbusiness.com »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!