The ports of Long Beach and Los Angeles saw something last year that they had not seen in the previous twenty – a traffic decline.
But the L.A. Times reports that there is more to it than simple loss of activity. The exporting business has sharply increased, a sign that the U.S. dollar is weakening. The national economy has drastically changed the landscape at the ports – the nation’s largest shipping center.
So while certain companies have profited wildly by shipping out, declining import activity has stalled job growth. Read the Times story to see how the Port of Long Beach is being affected by the dollar, and conversely affects exports businesses nationwide.