by Bill McBride on 2/22/2015 11:08:00 AM
Sunday, February 22, 2015
The Port of Long Beach released container traffic statistics for January (the Port of Los Angeles hasn't released January data yet).
The Long Beach data showed a significant decline in port traffic due to the labor issues that were tentatively settled on Friday.
Note: There is usually a seasonal slowdown in February or March (depending on the timing of the Chinese New Year). February traffic will be very slow this year, but March should be strong.
Click on graph for larger image.
Imports were down 23.5% year-over-year in January, and exports were down 19.6% year-over-year.
This decline in traffic was primarily due to the ongoing labor negotiations.