Shipping Giant Offers Cold, Hard Cash to Help Clear L.A. Port Glut

CMA CGM Group giving incentive of as much as $200 a container
Program may cost company more than $22 million over 90 days

The CMA CGM Swordfish container ship is loaded at Pier 300 in the Port of Los Angeles in Los Angeles, Calif., on Nov. 21. — The CMA CGM Swordfish container ship is loaded at Pier 300 in the Port of Los Angeles in Los Angeles, Calif., on Nov. 21.
Photographer: Tim Rue/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Michael Sasso

November 29, 2021 at 5:53 PM UTC

Updated on

November 29, 2021 at 9:10 PM UTC

This article is for subscribers only.

Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic.

One of the world’s biggest ocean carriers is dangling incentives of as much as $200 a container for help in clearing the backlog at Southern California’s ports.