seeing. and just, you know, i spoke to one of my clients who is a big shipper, ships a lot from china. before the covid situation, the costs from china to atlanta was about $3,500 per container. during the covid situation, and the backlog, you know, spiked up to 12,380. it should drop down to about 8500, but he says it would drop a lot faster if it weren t for a lot of the regulations that are being put in place. and the biggest bottlenecks we are seeing is in the port of los angeles where that is a total mess and there are ships that are floating out in the oceans with containers on them that can t get into port because they can t off load them fast enough. that s one of the reasons we are seeing this big spike up in shipping costs because the ships can t reuse the containers, you know, the rent goes up, and new
in or bit. they re being set up a chinese nav gaigs system. the dow opens at 12,380, the s&p fell five and the in that case dak tropd 15. in overseas trading, in tokyo the nikkea dipped 48 points, while in hong kong the hang seng lost 93. as earnings systems gets under way, the big question will be can corporate america stretch a two-year winning streak into three. after today s closing bell, alcoa is expected to report its earnings more than doubled last year. forecast for jpmorgan chase, bank of america and google. meanwhile we ll see if higher gas prices are driving up prices nationwide from two reports on inflation. speaking of gas, the average price of a gallon of regular is now $7.76, up 19 cents over the