Sunday , December 5 2021
Home / FT Alphaville / The Port of LA has just seen cargoes hit record highs

The Port of LA has just seen cargoes hit record highs

Summary:
Regular readers will know that we’re not at all convinced that enough is being done to emphasise the role high demand is playing in the supply chain logjams that are making headlines pretty much every day right now. With that in mind, we’d like to point you to the latest news from the Port of Los Angeles: The Port of Los Angeles processed 903,865 Twenty-Foot Equivalent Units (TEUs) in September, the busiest September ever in the Port’s 114-year history. Year to date, overall cargo volume stands at 8,176,917 TEUs, an increase of 26% compared to 2020.Yes, that’s right, during September, with several Covid restrictions still in place, the port managed to process a record amount of cargo. The news comes after President Joe Biden said the port would open 24/7 in the run-up to Christmas.

Topics:
FT Alphaville considers the following as important:

This could be interesting, too:

Tyler Cowen writes Not the final word, but could be worse…

Scott Sumner writes QE, or not QE?

Tyler Cowen writes Saturday assorted links

Tyler Cowen writes Context is that which is scarce

Regular readers will know that we’re not at all convinced that enough is being done to...

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

Leave a Reply

Your email address will not be published. Required fields are marked *