The Port of Los Angeles moved 806,144 TEU in January, a 5.4% decrease compared to last year.
“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.”
January imports decreased 3.5% 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% to 148,206 TEU. Empty containers declined 12.4% to 243,207 TEU. In total, January volumes totaled 806,144 TEU.