Los Angeles Port Reports 70% Surge in June Cargo
📈 Los Angeles Port Reports 70% Surge in June Cargo.
The Port of Los Angeles experienced its fourth consecutive month of rising cargo volumes in June, reaching the highest level since July 2022. The port handled 833,035 units, marking a 70% increase compared to February, which had the lowest volumes since the start of the pandemic. This recovery comes after a decline in volumes caused by importers diverting shipments to other facilities during lengthy labor contract negotiations. Despite a 24% decrease in cargo volumes for the first half of this year compared to the previous year, Port of Los Angeles Executive Director Gene Seroka expressed optimism for improved performance in the second half of 2023. The port recently reached a tentative contract agreement with the International Longshore and Warehouse Union and the Pacific Maritime Association, aiming to regain the cargo that was redirected to East and Gulf Coast ports during the negotiations.
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