(James Nash & Alison Vekshin – Bloomberg Business)
The two busiest U.S. seaports are facing their largest backlog of ships in more than a decade, even with hundreds of dock employees returning to work after their union reached a tentative labor contract.
Cargo backups and delays continue to bedevil the neighboring ports of Los Angeles and Long Beach, which together handle about 43 percent of U.S. imports and 27 percent of exports.
The backlogs may take as long as three months to untangle at the Los Angeles port, the nation’s busiest, said Executive Director Gene Seroka. The mayors of Los Angeles and Long Beach expressed concern Monday about losing business to other ports over the long run because of congestion and the possibility of another labor flare-up. Click here to read more.