Average March volume was actually good news for the Port of Los Angeles
March imports were weaker year-on-year but the busiest U.S. container port still managed to play up to the back of its baseball card.
The Port of Los Angeles handled 752,520 twenty foot equivalent units (TEUs) in March, off 3% from the same month a year ago as geopolitics and economic uncertainty overshadowed the beginning of the months-long run-up to the peak shipping season.
“Even with the seasonal slowdown tied to Lunar New Year, cargo flow in March was solid and our first quarter performance was consistent with our five-year trend,” said Port of Los Angeles Executive Director Gene Seroka, in a media briefing.
Average March volume was actually good news for the Port of Los Angeles – FreightWaves