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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