Newsom, Buttigieg announce $5 billion in loans for California’s clogged ports

Not content to wait for Congress to pass a big infrastructure spending bill, Gov. Gavin Newsom and U.S. Transportation Secretary Pete Buttigieg moved on Thursday to inject $5 billion in loan money to help modernize California’s seaports.

The money won’t help unclog the severe congestion that’s creating seaport chaos at present, but the two say that modernizing the ports and the truck and rail systems that serve them can prevent logistics nightmares in the future.