Port of Los Angeles Container Volume Plummets Most Since Financial Crisis
Over the weekend, the Port of Los Angeles has published its latest data about monthly container statistics. Surprising exactly nobody, it was very ugly.
As Saxobank's Christopher Dembik writes, the drop in container volumes at Port of Los Angeles was -22.87% in February, which is the worst monthly performance since February 2009. As the Saxo analyst notes, traffic at America's largest port in terms of volume and value "is of strong significance for the U.S. economy" as it is a leading indicator for overall commerce and trade.
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