Container traffic at the Port of Long Beach in California fell 2.5 percent July, the first non-seasonal slowdown at the nation's second-busiest seaport since November 2009, according to figures released Monday.
"July is typically one of our busiest months as we begin the peak season for the holidays," said Sean Strawbridge, a Managing Director of the Port of Long Beach. "However, our July numbers were off 2.5 percent overall, with imports being off 1.2 percent. This is the first time that we've seen a decline in volumes in 20 months—since November of 2009."
The decline in container traffic was due to softness in import shipments, coming as retailers cut back on goods from Asia. Imports fell 1.2 percent in July 2011 compared with the year-earlier period. The port official said some of the retailers he's talked to have "preferred to understock certain lines at the risk of selling out rather than overstocking and being forced into a deep discount situation."
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