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Friday, 17/02/2023, 12:15 (GMT +7)

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Port of Los Angeles reduces container volume in January

In January 2023, the Port of Los Angeles handled 726,014 TEUs, down 16% from the all-time record high in the same period the previous year.

Port of Los Angeles, USA

Port of Los Angeles (Image: Fox 11)

Imported cargo container volume in January 2023 totaled 372,040 TEU, down 13% year-on-year. Meanwhile, exported cargo container volume reached 102,723 TEUs, up 2.5% over the previous year. At the same time, empty container volume reached 251,251 TEUs, down 26% year-on-year.

“We expect softer global trade throughout the first quarter, particularly compared to last year’s record-breaking start,” said Gene Seroka, chief executive officer of the Port of Los Angeles.

Gene added: “Many factories in Asia have had extended Lunar New Year closures, retailers continue to discount products to clear warehouses and inflation-led economic concerns remain top of mind for Americans. With capacity on our docks today, we’re ready to unlock new levels of value and service at the Port of Los Angeles.”

See more:

Inflation and recession top concerns for supply chains in 2023

Source: Phaata.com (According to ContainerNews)

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17/02/2023

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