(Source: CNBC, July 8, 2022)
Rail congestion from Berkshire Hathaway subsidiary BNSF and Union Pacific, the railroads servicing the West Coast ports, is getting worse and slowing down container processing at the nation’s largest port complex. Sixty percent of all long-dwell containers at the Port of Los Angeles are rail-bound, and container wait for rail is a little over eight days for the ports of Los Angeles and Long Beach. “We are at a point of inflection as to the rail bottlenecks, including the lack of rail cars at the nation’s largest and most significant container gateway,” said Mario Cordero, the executive director for the Port of Long Beach.
Full story: CNBC