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Southern California ports see drop in import volumes

We are back with a new video, Southern California ports see drop in import volumes

Southern California ports see drop in import volumes inflation and a slowing economy has caused a drop in import volumes at the ports of Los Angeles and Long Beach, southern California's busiest shipping hub.

The drop in imports is an sign that businesses are cutting back on their orders as they grapple with higher costs and a slowdown in demand. The ports of Los Angeles and Long Beach experienced 28% and 24% respective drops in import volumes during October 2022.

It's not just Southern California that is seeing a drop in import volumes. Ports around the country are reporting similar declines as the effects of inflation and the slowing economy start to be felt by businesses. The port's container terminals are only at 70% capacity now and Las is eager to ramp the cargo volume back up.

Many importers brought in their merchandise for the holiday season earlier than normal this year as US consumers have cut back on buying big ticket items this holiday season. If you have debt, don't let it ruin your holiday spirit.

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