Shipping Volumes Are Plunging…Other Then 2009 This Is Unprecedented
Posted By thestatedtruth.com on October 12, 2011
Remember one thing…when people are broke, they have nothing to lose. The “system” as we have known it, is going down. There is a reason for the protests going on around the world. Politicians and corporate America, need to get real. We are in the early stages of a huge class war – the rich vs. everybody else…the poor are broke and the middle classes are struggling for their financial lives.
From today’s WSJ:
Key parts of the U.S. supply chain have some troubling news: The traditional holiday peak in shipping volumes has disappeared. This is unprecedented except for 2008-2009.
Both the Port of Los Angeles and the Port of Long Beach, which together account for more than 40% of imports into the U.S., say the rise in shipments that typically begins in July and lasts through early fall didn’t happen this year. Instead, Dick Steinke, executive director of the Port of Long Beach, says shipping volumes have posted two consecutive months of declines, and he’s anticipating a double-digit drop for September. The last time the port experienced no peak was during the height of the recession in 2009, he says. Before that, the phenomenon was unprecedented.
Rail companies and other shippers are reporting similar news.
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