Another port tumble

June container traffic out of the Port of Long Beach fell 28.7 percent from a year earlier, an especially sharp drop that doesn't bode well for any near-term recovery. The low number of items coming into the U.S. shows that retailers don't expect much of a holiday season (total number of containers fell between May and June). Inbound cargo fell 28.4 percent and outbound fell 28.8 percent. Several new forecasts indicate little improvement until 2010 (maybe). L.A. is not yet out with its June numbers.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
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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
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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