Posted on 09/17/2022 8:49:34 AM PDT by george76
LA lost cargo to East, Gulf Coast ports — and Long Beach next door
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The Port of Los Angeles, the highest-volume container gateway in America, is diverging from the nationwide trend. U.S. container imports remain close to record highs, yet imports to LA are falling double digits.
On Thursday, the Port of Los Angeles reported total throughput of 805,672 twenty-foot equivalent units in August, down 15.5% year on year (y/y). Imports came in at 404,313 TEUs, exports at 100,484 TEUs and empties at 300,875 TEUs.
Imports were down big, sinking 16.8% y/y and 16.7% compared to July.
...
It was the lowest import total in Los Angeles for any month since December, when volumes were suppressed by extreme landside congestion.
It was also the lowest import total in LA for the month of August since 2014, eight years ago
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Los Angeles’ performance stands in stark contrast to the blowout numbers just announced by the Port of Savannah in Georgia. Savannah handled 290,915 TEUs of loaded imports in August, by far the highest tally in the port’s history.
Savannah’s August imports were up 15.6% from July, 14.7% from the previous record month in May, 20% y/y — and 34% versus August 2019
You nailed it. Inflation is also helping the Government pay its bills for free.
Also, ever wonder what the carbon footprint is for one of these huge container ships? Must be massive. But you never hear the usual crowd complain about all the carbon required to move products made on the other side of the world to the US, instead of making the products here at home. Wonder why?
LOL! Pretty good economy for the elites though. They are unaffected by inflation, unemployment, shortages, and unaffordable housing.
At the peak of the back log the union refused to operate all the cranes only 2 out of 5 ran caused a massive jam and they want independent truckers titled as contractors $$$$$$$$$$$$
It’s just like working on the Chicago docks huh Vito
Biden may be saying that for real soon when people can no longer afford Chink-crap.
Too funny! But, sadly, probably true.
“Among so many other things, we’d better start manufacturing medicine here. If the Chinese shut off the supply, a lot of people are going to be in a world of hurt. That includes antibiotics.”
I agree 100%. That we have allowed China of all places to dominate this area is absolutely criminal, if not outright treasonous.
It was true at the grocery store, yesterday. Coastal Oregon.
It was just last year that we were buying a dozen Large Grade A eggs for 84 cents.
“I agree 100%. That we have allowed China of all places to dominate this area is absolutely criminal, if not outright treasonous”.
It is! And there is no excuse for it.
“Imports to Los Angeles, America’s largest port, plunged 17% in August”
Take that, Putin !!!!
“And there is no excuse for it.”
None whatsoever.
“”Americans...were enjoying a well-deserved break.””
Pelousy actually stated that unemployment payments were a net economic plus, that for every dollar of unemployment paid, 2 or 3 more dollars were ‘created’ in the economy.
Only one problem. Build back Bidens thriving economy lacks the demand structures as inflation sucks the consumers cash.
Business is the shitz so inventories as being depleted and not replaced.
I don’t give a shit about what Obama propaganda department says, the decline speaks volumes.
Bidens Build back better bull.
I don’t see a down side to lowering imports of foreign made crap.
We have all the Ukrainin money plus the Stimlus money to deal with. How money total it is is probably unknown, but it is a Hell of a lot. In the end a Hong Kong Dollar will be worth several times what a U,S. Dollar is.But I voted for Presiden Trump . Not that bastard Biden.
If you are not prepping, I suggest you start. If nothing happens, then you just have to do less shopping in the future.
If something happens...
It won’t be easy, especially with the utterly feckless Biden administration in charge, and the corrupt Democrats controlling the legislature. That’s why it is so important that we take back Congress come November. Even then it will be difficult. But, we are Americans: We can do difficult things if we want to.
Neither do I.
That’s a good point; they are selective in where they see “carbon”.
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