Today’s Los Angeles Times reports that imports climbed in June at the ports of both Los Angeles and Long Beach, which together comprise the nation’s busiest seaport complex. At the Port of Los Angeles, imports rose to 371,889 containers, an increase of 32% from June 2009, while at the Port of Long Beach, the number of inbound containers jumped by 27% to 262,053 containers.
While these numbers may show signs of improved economic conditions, some are not so sure. Nancy D. Sidhu, chief economist for the Los Angeles County Economic Development Corporation, believes that the June’s increases are attributable to retailers replenishing their long-depleted inventories, and that any continued growth will depend on sustained consumer demand.
The two ports account for 40% of the United States’ imported containers.
The full article is available here.