Slowdown at Top US Ports: Bad News for Economy?
America’s busiest ports are sending a warning about the US economy, according to the Wall Street Journal.
Citing data from Zepol (now part of Datamyne), the WSJ reports that imports at the three busiest ports – Los Angeles, Long Beach, and New York-New Jersey – fell by just over 10% between August and October, traditionally the peak shipping season.
Whether the slowdown at top US ports signals a short-term slump or the start of a long-term slide isn’t clear. But the missing peak season is being felt throughout the multimodal transport sector.
You can read the WSJ story here.
Date posted: November 17, 2015