Port of Los Angeles Sees Huge 43% Cargo Drop

The Port of Los Angeles handled 487,846 TEUs in February, a staggering 43% decline from February 2022’s monthly record and its worst February since 2009.

“February declines were exacerbated by an overall slowdown in global trade, extended Lunar New Year holiday closures in Asia, overstocked warehouses and a shift away from West Coast ports,” said Port of Los Angeles Executive Director Gene Seroka.

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