Exports Jump, Inports Slump at L.A., Long Beach Ports

0

Forget scrap paper, plastics, scrap metal and the bounty of agricultural harvests. Until this year, the biggest U.S. contribution to the international supply chain were vast mountains of empty cargo containers outbound on ships to China, where they were quickly refilled with the imports on which American consumers have come to depend.

From January to July, exports jumped about 23 percent compared with the same period of 2007 at the nation’s two busiest container ports, Los Angeles and Long Beach. But the export boom overshadows a deep pullback in U.S. consumer spending.

Imports are down so much that the twin ports are on pace to record their second straight year of declines in overall international trade. That hasn’t happened in at least 30 years, despite a handful of national recessions along the way. The slowdown has hit almost every harbor in North America.


& #8226;

Read the full

Los Angeles Times

story.

No posts to display