Pier Wind project takes priority over lost volumes for port of Long Beach
Losing traffic to ports on the east and Gulf coasts, America’s premier ocean gateway, the ...
High inventory levels and weak demand are to blame for a fall in imports at the US’s three busiest ports, say industry analysts. LA, Long Beach and New York saw imports fall 10% between August and October – a season traditionally associated with a surge in volumes. This WSJ article examines whether this is a “short-term hiccup, or the “start of a sustained period of weakness”. However, FedEx and Amazon are predicting a record holiday season.
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