The nation’s largest port is hurting. That may be a leading indicator of the pain that’s in store for Southern California and the U.S. economy as businesses hunker down to deal with the rapidly expanding new coronavirus.
The Jupiter Spirit’s shipment of vehicles was finally unloaded on April 29. But the auto industry is typically a just-in-time business, which makes the delay at ports like Long Beach so unusual. The majority of the quarter million cars imported from Japan last year came through West Coast ports, mostly via L.A. and Long Beach, according to IHS Markit PIERS data. Some East Coast ports such as in Brunswick, Ga.
What's the economics of that
Discount!
Sell them to the people in need of a car for cheap
Damn!
I’ve seen the parking lots ACSupdates speedway in Fontana full of cars. I wonder if this is the reason.
Making a smaller profit is better than no profit at all. Drop the prices and people will come flocking.
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