West Coast Port Traffic Down
Image Source: Pexels
Or at least Long Beach and LA:
Figure 1: Inbound loaded TEU’s at Long Beach and LA ports, n.s.a. (black, left scale), year-on-year growth (light blue, right scale). NBER defined peak-to-trough recession dates shaded gray. Source: Ports of Long Beach, LA, NBER and author’s calculations.
Inbound traffic is down 3.5% y/y, and down 32.7% q/q AR.
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