What a great idea!
Why? Not enough containers to contain things? How temporary is this?
Wait, what? Stopping eastbound service from West Coast terminals is supposed to ease congestion with ocean carriers?
Seems to me that containers piling up at West Coast ports would mean that additional ships would be unable to offload, making the ocean carriers even more congested.
Eastbound and down?......................
I suppose the problem is that no one wants to work in Chicago, or those who do want to, can't pass drug and background tests. Security is serious business at freight terminals. It's no longer a bunch of louts showing up at "shape up" time, and being hired for the day.
BNSF still to be rolling?
And the midwest can stop shipments of food to the west coast.
Prepping full steam ahead.
This has nothing to with the article, but I’m bored.
Union Pacific stock was trading between $266-269 1/8 on July 16,1929. It high for the year was $271(it would go higher)
Source: Time Union newspaper Brooklyn, NY.
UP stock today $218.65 (last time I looked.)
If I “bought and held.”
Did I make money?
That is interesting.
As in “get ready for some shortages” interesting.
You think prices are high now. Just wait until the effects of this are felt in stores
The global economy was a complicated beast but one that mostly worked most of the time. Now for reasons that may be known to some but certainly not to all the wheels are coming off and supply is not keeping up with demand. The results so far have not been good (chip shortage, car shortage, food price inflation, etc.). Articles like this make me think that we ain’t seen nothing yet.
Makes perfect sense to me. It’s like passengers on a bus. You have to let the ones on the bus off before the new ones get on. They have to get the current rail cars out of the Chicago yards before they can send more in.
Cut off all supplies to Chicongo, that will chill the rats down.