The strongest warning of economic winter
The Port of Los Angeles, the largest container port in the US, is suffering from an inventory glut as cargo volumes plunged for the second month in a row during what should be its busiest shipping period. Freight data is often seen as a barometer of economic health. Freight data generally precedes the economy, and freight downturns tend to precede economic downturns. Of this freight volume falls the strongest warning that becomes economic cold winter.