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...]
Imports at Ports of Los Angeles and Long Beach Fall in May
LOS ANGELES, June 12 (Reuters) - The Los Angeles and Long Beach port complex - the No. 1 hub for U.S. ocean trade with China - processed 6.3% fewer inbound cargo containers in May, signaling that the escalating U.S.-China trade war is roiling business activity. Exports from the California seaport complex, the nation's busiest, fell 7.4% year-on-year, the two ports … [Read more...]
Amid Trade War, Busiest U.S. Port Readies for Robots
By Romy Varghese (Bloomberg) -- Pier 400 in Los Angeles is North America’s largest shipping terminal. More than 1,700 trucks pass through, on average per day, even in the middle of the U.S.-China trade war. All that cargo translates into thousands of miles driven within the facility each day, mostly by diesel vehicles, spewing pollutants. For APM Terminals, the part of … [Read more...]