Los Angeles-area seaports continued to process record numbers of shipping containers in June. Combined with the increase in intermodal rail freight, that’s a sign that the North American supply chain is up and running in support of an economic recovery, albeit with room to improve as global supply chain ... READ MORE >
Ports of Los Angeles and Long Beach
CHART OF THE DAY: The logistics of a recovery
The Port of Los Angeles continued processing record numbers of shipping containers in April, including empties necessary for maintaining the Asian supply chain. The seaport said it was now processing vessels at a rate of 16 per day as opposed to the 10 per day it processed before this latest surge, ... READ MORE >
The U.S. external sector: Trade channel to support 2021 recovery
We expect the trade channel to be a major part of the 2021 growth narrative as the Biden administration mends fences with the major American trade partners, excluding China, early next year. In fact, one can already observe the stirring in animal spirits in the global economy as the nascent ... READ MORE >
Container crunch pushes shipping rates to record highs
Surging demand for Asian imports and a shortage of containers are congesting U.S. ports, causing headaches for companies importing from Asia, skyrocketing shipping rates and surging purchase prices for containers. Another result? The previously humble shipping container is now a star of the ... READ MORE >
Global trade recovery: Imports at seaports rise, but exports are still in shock
Activity at North American seaports picked up over the summer, showing gains for the third straight month and indicating that the nascent recovery in the economy is underway. Make no mistake: The global growth channel will be an important engine of activity early in the recovery and the United ... READ MORE >