Port of Los Angeles is projecting a 25% drop in container volumes this month, as the economic impact of the coronavirus spreads across shipping operations and foreign supply chain. Imagine if 1 in 4 goods imported from Asia suddenly stopped coming. Impact just starting.
Here is the data. It will not be until around March 15 that they have data for February. Here is January only data, which was before major decline started.
Some people still trying to say this is fine.
For reference: The cargo coming into the port represents approximately 20% of all cargo coming into the United States
Here is the data. It will not be until around March 15 that they have data for February. Here is January only data, which was before major decline started.
Some people still trying to say this is fine.
For reference: The cargo coming into the port represents approximately 20% of all cargo coming into the United States
Follow the money --Mark Felt (Deepthroat)