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Port of Los Angeles January box volume slips 5.4pc to 806,144 TEU
Date:2020-02-10 Readers:
THE Port of Los Angeles lifted 806,144TEU in January, a 5.4 per cent decrease compared to the same month last year.

Imports in January decreased 3.5 per cent to 414,731 TEU compared to the previous year. After 14 months of consecutive declines due to tariffs on US goods, exports increased 2.2 per cent to 148,206 TEU. Empty containers declined 12.4 per cent to 243,207 TEU, reports AJOT.

"We anticipated that tariffs would continue to impact cargo volumes as we moved into 2020, and our January volumes reflect that ongoing trend," said Port of Los Angeles executive director Gene Seroka.

"The coronavirus, which prompted China's Central Government to extend the Lunar New Year holiday, adds a new layer of uncertainty to global trade. The Port of Los Angeles is committed to ongoing collaboration with our customers and supply chain partners to innovate and adapt to new trade patterns," he added.




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