The Port of Los Angeles’ May cargo volume fell 30% from last year due to coronavirus-related business shutdowns and the ongoing U.S.-China trade war, Executive Director Gene Seroka said on Wednesday.
The Port of Los Angeles is the No. 1 U.S. gateway for trade with China. Last month, the nation’s busiest port registered its lowest May volume since the “Great Recession” of 2009, Seroka said.
Seroka declined to issue a forecast for the peak holiday shipping season, citing uncertainty around the coronavirus pandemic and consumer demand.
(Reporting by Lisa Baertlein; Editing by Bernadette Baum)