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.