Where Did All The Truck Drivers Go?

                                                           

The breakdown of the supply chains vital to our economy is finally capturing the public attention.      October 19, 2021   Today's Top Stories From the Breitbart News Desk The breakdown of the supply chains vital to our economy is finally capturing the public attention. Despite Joe Biden's executive order last week, the Port of Los Angeles is not yet operating 24 hours per day, according to analysts at Bank of America, and on Tuesday there were nearly 100 container ships at anchor waiting to get into port there and at the Port of Long Beach. They may be waiting a while. As we reported at Bretibart News today, there are still 20,000 fewer truckers in the U.S. than there were pre-pandemic. Many truckers who lost their jobs in the initial shutdown appear not to have returned to work. As a result, the average wait time for containers offloaded at the LA and Long Beach ports is five to six days, twice as long as normal. That leaves the dockyards overcrowded, leaving ships with no place to offload. Keeping the ports open longer may not fix things. For one thing, not only are more truckers needed, shipping companies will need to recruit truckers willing to work a 3 a.m. to 8 a.m. shift. That's going to be difficult and expensive to do while so many other employers are on a hiring spree. Recall that there were over 10 million open jobs at the end of August. What's more, there will need to be workers at warehouses to unload trucks at off-hours. Hard at any time. Probably impossible in a labor shortage. This global disruption puts more strain on smaller companies than larger ones. The biggest retailers charter their own container ships and have more leverage with rail and truck companies to move product across the country. It is the smaller importers who will be strained the most. That will be particularly punishing during the holiday season, when many retailers depend on huge sales volumes to put them into profitability for the year. – Alex Marlow & John Carney Breitbart News Network     TOP STORY   Biden's Boat Parade: Trucker Shortage Exacerbating U.S. Port Congestion There are fewer people employed by the trucking industry than prior to the pandemic, creating a shortage that is complicating efforts to relieve congestion at U.S. ports. The number of people employed a truck transportation firms is around 20,0000 below its peak in the summer of 2019, data from the Bureau of Labor Statistics indicates. Meanwhile, demand for shipping has skyrocketed as Americans aimed their record high incomes at the goods-producing sector. The Producer Price Index for long-haul truck shipping is up around almost 22 percent compared with September of 2019, BLS data show. Compared with one year ago, when shipping prices had begun to rebound, prices are also up by over 20 percent. [Click here for more]   IN OTHER STORIES... Record-breaking 100 Ships Anchored, Waiting at Los Angeles and Long Beach Ports LOS ANGELES, California — A record-breaking 100 ships were reported to be anchored off the Port of Los Angeles and the Port of Long Beach as of Tuesday, as the cargo crisis continued, despite the Biden administration's claims of progress. Local ANC affiliate KABC-7 reported: [Click here for more]   LOOK: Ikea Store Shelves Sit Empty as World's Largest Furniture Seller Hit By Global Supply Chain Issues IKEA, the world's largest furniture seller, said recently that many of its products are missing from its stores around the world. The company said that store shelves sit empty with many of its flatpacks and housewares items stuck are warehouses, waiting for trucks to distribute them. The United States and elsewhere has been struck by a shortage of drivers as many never returned to... [Click here for more]   Report: White House Weighs Deploying National Guard to Confront Supply Chain Crisis While Pete Buttigieg Is MIA The White House is reportedly weighing whether to deploy the National Guard to confront the ever growing supply chain crisis while Transportation Secretary Pete Buttigieg has been on paternity leave. "White House officials have explored in recent weeks whether the National Guard could be deployed to help address the nation's mounting supply chain backlog, three people with knowledge of... [Click here for more] FOLLOW   Did you receive this email from a friend? Sign up to receive Breitbart Business Digest.   ©2021 Breitbart News 149 S. Barrington Ave. #401 Los Angeles CA 90049 USA

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