(Lloyd’s Loading List)
The leading gateway to the US on the Trans-Pacific container trade saw volumes plummet in January due to congestion and ongoing union issues affecting work flows.
The Port of Long Beach saw volumes fall 18.8% year-on-year in January to 429,490 TEU. Imports saw the largest contraction, down 23.5% to 213,667 TEU compared to January 2014, while exports fell 19.6% to 98,462 TEU.
Port managers said the dramatic drop in cargo volume was due to congestion and contract issues that have been disrupting flows through West Coast ports for more than a year, and which recent slowdowns suggest will continue through February. Click here to read more.