The number of TEU loaded in, a measure of imports, has declined 28% from last June and 39% from June 2007. This is a major contraction of imports and shows how dramatically the US consumers has put an end to their 20 year shopping spree.
Wednesday, July 15, 2009
Long Beach Ports Traffic in June
Here is a plot of the container traffic in June at Long Beach Ports which is America's second busiest seaport. Units are Twenty Foot Equivalent Units (TEU)s.
The number of TEU loaded in, a measure of imports, has declined 28% from last June and 39% from June 2007. This is a major contraction of imports and shows how dramatically the US consumers has put an end to their 20 year shopping spree.
The number of TEU loaded in, a measure of imports, has declined 28% from last June and 39% from June 2007. This is a major contraction of imports and shows how dramatically the US consumers has put an end to their 20 year shopping spree.
