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Numbers at the Port of L.A. seem a bit better than at the Port of Long Beach. May import traffic is down 18 percent from a year earlier, while export traffic is off only 7.1 percent (stronger exports of raw materials is the explanation). The basic problems remain the same: limited consumer spending in the U.S. and a severe global downturn that is impacting all traffic.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.