In Long Beach, the second-busiest container port by volume, August imports fell by 14.2 percent from August 2010. While the port has not yet released September volumes, a spokesman, Art Wong, said it expected about a 15 percent drop from September 2010.
The reports from the remaining container ports in the top five were equally gloomy. In New York-New Jersey, the number of incoming containers in August was about flat with last year. In Savannah, Ga., imports in August fell by 4 percent. Oakland reported that August imports were down 0.9 percent from a year earlier. And Los Angeles, the nation’s highest-volume container port, counted 5.75 percent fewer containers in August than a year earlier.
Yeah, about that recovery….does that coincide with the “Obama-Nation(tm)’s” re-election ‘container shipping strategy’?
Thus far it appears that the shipping container is taking on some water…
Cheers
Hans Rupprecht, Commander in Chief
1st Saint Nicolaas Army
Army Group “True North”
Not to worry.Heard on the news yesterday that the Port’s authority are going to raise import fees on containers to make up for the loses.O’zero economics at their best.
I think there’d be a bigger concern for the USA if exports out of the same ports declined by that much.
Al the Fish……too many jobs have all ready left over regulated US….the # can’t go lower.And yes,jobs are the LAST thing you want to export.
No worries, it’s just the “Buy American” plan kicking in.
The impact on China is going to be substantial.
Maybe more stimulus spending would help… (sarc)
What they need is solar powered container ships to transport the sea cans stuffed full of made-in-Hong Kong plastic novelty dog shit.
That will revive the US economy!
It’s almost as if Obama wants to start a trade war or something.
The impact on China has already begun. Exports are slumping, as are imports.
~KevinB
Yes, thank you, I thought as much.
I wonder how much that will affect Chinese investment in heavy oil here.
With this economic slowdown we’re off to a good start, but Suzuki says we’ve still got a long way to go to save Gaia. A second term for Obama might do it.
Kate, don’t know if you’ve had a chance to check out Zero Hedge of late, but there’s a fun little post that tells about the STUDENT LOAN fiasco that’s hanging fire, waiting to pop in the USA.
http://www.zerohedge.com/news/student-loan-racket-complete-infographic/
Two of five student loans are in arrears according to the article. Outstanding loans amounting to $830 Billion with a “B” dollars are currently on the books.
No word on where those dumb@ss Occupy Wall St. retards are going to come up with $200K to cover their Masters in English Lit.
One of the major container companies has dropped Halifax off it’s route back in August. We are not immune up here in the great white north either.
KevinB, its a troll. It doesn’t do logic, just trolling. If you say black, it’ll say white. Change to white, it’ll say black.
On the bright side, if its trolling here a bridge somewhere is safe to cross.
Phantom, have to wipe the coffee off my desk now. For shame.