Photo: Port of Los Angeles By Richard Clough (Bloomberg) -- The shipping industry will remain volatile for most of 2020 as the coronavirus outbreak in China upends the global supply chain, said the head of the largest U.S. container port. Cargo traffic through the Port of Los Angeles is down about 25% in February amid a rash of canceled ship sailings, Executive Director … [Read more...]
Port of Los Angeles Imports Fall in September as Trade War Roils Shipping
LOS ANGELES, Oct 10 (Reuters) - The Port of Los Angeles, the busiest for ocean trade with China, processed fewer containers of imported goods in September as the prolonged U.S.-China trade war whipsaws global supply chains. Imports fell 2.9% to 402,320 TEUs, or 20-foot equivalent units, in September - the first decline at the Port of Los Angeles since February. Exports … [Read more...]
Port of Los Angeles Calls for Trade Stability as Cargo Volumes Hit Record
The head of the busiest container port in the United States is calling for an end to the U.S.-China trade war even as cargo volumes hit a new single-month record at the port, marking the fifth consecutive record-setting month. The Port of Los Angeles on Tuesday reported that 861,081 Twenty-Foot Equivalent Units (TEUs) were moved at the port in August, representing a 4.2% … [Read more...]
Cargo Volumes Up at Port of Los Angeles Despite Trade War
The Port of Los Angles set a new single-month cargo record last month despite Trade War uncertainty and declining exports. The Port of Los Angeles reported Monday that it moved 912,154 Twenty-Foot Equivalent Units (TEUs) in July, marking the busiest July ever for United States' busiest container port. “Container exchange per vessel reached 9,915 TEUs, the highest … [Read more...]
June Imports Down at Top U.S. Hub for China Trade
LOS ANGELES, July 11 (Reuters) - The Los Angeles and Long Beach port complex, the nation's busiest and the No. 1 for ocean trade with China, - handled 5.1%fewer inbound containers of cargo in June, as the trade standoff between Washington and Beijing disrupts global supply chains. Imports to the smaller Port of Long Beach dropped 13.7% from June 2018, more than offsetting … [Read more...]