www.zerohedge.com
by TYLER DURDEN
President Biden’s cunning plan to clear congestion from the nation’s top ports failed at the end of 2021 and continues to underwhelm in the new year.
New data from Bloomberg shows a rare bottleneck has materialized at the New York area’s port terminals, the busiest on the East Coast, due to labor shortage fueled by the COVID-19 pandemic.
“We have seen a spike in the number of labor going out into quarantine,” Port Authority Director Sam Ruda said. The average wait time for a container ship is about 4.75 days in the final week of 2021, compared with an average of 1.6 days for the entire year…