News
Containers to and from the Port of Los Angeles plunged 43.1% year on year to 487,846 TEUs in February. Incoming loaded containers accounted for 249,407 TEUs, down 41.2%; outgoing loaded containers, 82,404 TEUs, down 13.7%; and empties, 156,035 TEUs, down 53.9%.
“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. “While we expect more cargo moving crossing our docks in March, volume will likely remain lighter than average in the first half of 2023.”
In January-February, Los Angeles handled 1,213,860 TEUs, down 29.6%, or 509,000 TEUs from the same months of 2022.
