Cargo traffic at L.A. and Long Beach Ports Declines in August
Cargo traffic at the nation’s busiest seaport complex declined in August compared with the same month in 2010, suggesting that the sluggish U.S. economy has caused retailers to order fewer goods to sell this holiday season.
The data suggest that the sluggish U.S. economy has caused retailers to order fewer goods to sell this holiday season.
Imports through the Port of Los Angeles fell 5.8% to 376,190 containers compared with a year earlier. Exports through Los Angeles surged, however. They jumped 24.8% to 184,232 containers compared with August 2010. At the neighboring Port of Long Beach, imports dropped 14.2% to 267,198 containers and exports fell 3.8% to 121,277 containers, compared with a year earlier.
“Retailers appear to be somewhat cautious going into the holiday season,” said Phillip Sanfield, spokesman for the Port of Los Angeles.
Read more at the LA Times about Cargo Traffic at L.A and Long Beach Ports Declines in August 2011.