1 in 50 jobs in the US has something to do with ports in LA. 1 in 9 jobs in Southern California.

Investment in the south and east of the country is $11b to the west's $1b over the past several years. The west used to have 80% of shipping, now it's like 60%.

One of the challenges they face is a railroad bottleneck, maybe now dealt with.

He doesn't see a recession coming next year. Lots of products and also parts for US manufacture are coming in.