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IPFS News Link • Economy - Economics USA

LA Area Port Traffic Down in January

Loaded inbound traffic was down 0.7% compared to January 2009. (down 4.2% compared to last year using three month average) Loaded outbound traffic was up 31.8% from January 2009. (+25.5% using three months average) This was an easy YoY comparison for exports, because U.S. exports fell off a cliff in near the end of 2008. Note: Imports usually peak in the August through October period (as retailers import goods for the holidays) and then decline at the end of the year. Import traffic will decline sharply in February, but that is just the seasonal pattern. Exports recovered somewhat in the first half of 2009, however export traffic has essentially been flat since last summer. Export growth was one of the key drivers of the economy in 2009, but it now appears - based on traffic - that export growth has stalled.