Global Briefing: Jul. 16, 2001

Mountains of Shipping Containers

Because of a record trade deficit, the U.S. imported nearly 5 million more containers of goods than it shipped out last year. Meanwhile, Chinese factories have been cranking out containers for $2,500 each, making it cheaper for shippers to buy new ones in Asia than to ship the empties back. So colorful 40-ft. by 8-ft. by 10-ft. boxes are piling up like giant Lego blocks at U.S. waterfronts from Newark, N.J., above, to Norfolk, Va., to Los Angeles. People living near the port in L.A. want the city to build a berm that will block their view...

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