Near Flat Cargo Growth at Local Ports
The ports of Long Beach and Los Angeles report combined near-flat growth of 1.8% for the month of April as compared to a year earlier. Some Economist suggest that this is further proof of a slowing Chinese economy. This on top of already anemic growth rates in Europe have some concerned that there will ultimately be a spill over effect on the US economy. To read the entire story from today’s Los Angeles Times, please CLICK HERE.