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2/17/2023
The ports of Los Angeles and Long Beach both reported cargo declines last month compared with cargo levels in January 2022.
Los Angeles handled 726,014 20-foot equivalent units (TEUs), down 16% from the same month last year, L.A. port officials said in a press release. The month's loaded imports were down 13% and empty containers down 26%, but loaded exports increased 2.5% compared to the previous year.
"We expect softer global trade throughout the first quarter, particularly compared to last year’s record-breaking start," said Port of Los Angeles Executive Director Gene Seroka. "Many factories in Asia have had extended Lunar New Year closures, retailers continue to discount products to clear warehouses and inflation-led economic concerns remain top of mind for Americans."
At Long Beach, the port moved 573,772 TEUs, down 28.4% from January 2022, which was the port's busiest January on record, Long Beach port officials said in a press release. Imports were down 32.3% and exports down 14.2%. Empty containers decreased 29%.
Both ports are served by Pacific Harbor Line Inc., a subsidiary of Anacostia Rail Holdings Co.