Upside Gap Openers

[mgland]

SHipping....
California’s robust supply chain, which drives nearly one-third of the state’s economy, has continued to buckle under stresses from the pandemic and an ongoing labor fight between longshoremen and port operators up and down the West Coast, which has prompted many shipping companies to rely instead on ports along the Gulf and East coasts. Cargo processing at the Port of Los Angeles, a key entry point for shipments from Asia, was down 43% in February, compared with the year before.

“The longer it drags on, the more cargo will be diverted,” said Geraldine Knatz, a professor of the practice of policy and engineering at the University of Southern California, who was executive director of the Port of Los Angeles from 2006 to 2014.

https://www.yahoo.com/news/california-economy-edge-tech-layoffs-180105851.html