Bio • Email • Archive
 

Ports still slow

September container traffic coming into the ports of Los Angeles and Long Beach shows little sign of any pickup - really just a continuation of a year-long pattern of declines. With consumers not anxious to spend, retailers have been careful about ordering for the holiday season. There are some signs of a tech revival (witness Intel's earnings report this week), so it will be worth keeping an eye on inbound traffic over the coming months. For now, the Port of L.A. saw overall traffic fall 15.8 percent from September 2008, and Long Beach saw a 20.6 percent drop. The only reasonably encouraging stat was outbound cargo from the Port of L.A., which only fell 2.2 percent. That would affirm a recent pickup in export activity, perhaps the result of the falling dollar. But outbound traffic out of Long Beach was down a hefty 15.7 percent in September, so I wouldn't pin my hopes on exports.


More by Mark Lacter:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
Recent stories on LA Observed:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
Previous story: Jump in L.A. jobless

Next story: 'Ruthie in Wonderland'

New at LA Observed
Follow us on Twitter

On the Media Page
Go to Media
On the Politics Page
Go to Politics

LA Biz Observed
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
LA Observed on Twitter and Facebook