More supply chain insight: UPDATE

 LA and Long Beach ports are backed up but they are actually handling record levels of throughput.  Mauldin's newsletter has some key charts.   Besides the policy issues messing with supply chains, there is an enormous factor called demand.   The demand is also a policy issue: 

 "The government sent trillions of dollars of “hot money” directly to consumers and/or businesses. Restaurants, hotels, and airlines were generally off the market, vacations were crimped, so people bought “stuff.” Thus, those ships off the shores of California contain extra goods that both manufacturers and shippers hadn’t planned for."

From Mauldin's letter (free to subscribe) is this chart showing throughput way up and a second chart showing prices up sharply for goods as money is being spent on goods more than services.  Goods fill containers. 

UPDATE:  Bonus here from a real trucker.

 Services don't.