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US Recession Call Trickier Than Ever
Bloomberg Businessweek
Port of Long Beach Los Angeles - Containerized Cargo
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We essentially have no vessel backup since back in November 2022 so it's essentially a great success here in the largest complex for the United States. The nation supply chain there's still some work ahead but again far better than what we were a year ago. We had very very high inventories in the fourth quarter of 2022 because of the cargo that was moved here from Asia ahead of time given the surge and all the bottleneck. So I think you're starting to see that the consumer demand is dissipating.
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