The Port of Los Angeles moved 449,568 Twenty-Foot Equivalent Units (TEUs) in March, a 30.9% decrease compared to last year. For the first quarter of 2020, volumes have decreased 18.5% compared to 2019. It was the lowest amount of monthly cargo moving through the Port since February 2009, the company said in its release.
“We’ve had two serious shocks to our supply chain system. First the trade war between the U.S. and China and now the COVID-19 pandemic,” said Gene Seroka, Executive Director of the Port of Los Angeles. “With U.S. retailers and cargo owners scaling back orders, volumes are soft even though factories in China are beginning to produce more. Amidst this public health crisis, there will be uncertain months ahead in the global supply chain.”
Meanwhile, Port officials are in regular contact with terminal operators, longshore unions, and other supply chain stakeholders to make sure that stakeholders are able to obtain the necessary supplies they need for a safe and clean work environment.
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