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  • 4 months ago
A rising number of container ships from China is arriving at the Ports of Los Angeles and Long Beach ahead of President Trump's August 12 deadline for a U.S.-China trade deal. The uptick, tracked by the Marine Exchange of Southern California, marks the busiest wave of ship arrivals since January. Officials expect increased cargo flow in the next 1–2 weeks but stop short of calling it a surge. Despite the rise, port operations remain well below capacity, with Long Beach and Los Angeles terminals running at about 60% and 70%, respectively. Officials cite no concern for congestion. The temporary boost is expected to benefit trucking, rail, and warehousing sectors, though overall trade volumes remain below normal amid uncertainty from ongoing trade negotiations.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A rising number of container ships from China is arriving at the ports of Los Angeles and Long Beach
00:07out of President Trump's August 12th deadline for a U.S.-China trade deal.
00:11The uptick, tracked by the Marine Exchange of Southern California,
00:13marks the busiest waves of ship arrivals since January.
00:17Officials expect increased cargo flow in the next one to two weeks,
00:19but stop short of calling it a surge.
00:21Despite the rise, port operations rain well below capacity,
00:24with Long Beach and Los Angeles terminals ranking about 60% and 70% respectively.
00:29Officials cite no concern for congestion.
00:32Temporary boost is expected to benefit trucking, rail, and warehousing sectors,
00:35though overall trade volumes rain below normal amid uncertainty from ongoing trade negotiations.
00:41For all things money, visit Benzinga.com.
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