Ocean Contain Imports Plunge; Port Disruptions may Impact Holiday Sales
Imports of ocean containers plunged 24.3 percent in October, after hitting a record high in September according to Cass Information Systems. Exports, on the other hand, increased 7.1 percent after a seasonal September drop. Severe work slowdowns, equipment capacity issues, and stoppages have contributed to extended delays at West coast ports, particularly LA/LongBeach and Oakland. […]