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Poor numbers confirm that U.S. importers continue to cut back on imports from Asia & run down inventories: Drewry

January 2023 imports declined 13% to 372,040 TEUs at Port of Los Angeles, down 32% to 263,394 TEUs at Port of Long Beach

"Since the programme was announced on Oct 25, 2021, the two ports have seen a combined decline of 92% in ageing cargo."

Port of Los Angeles has processed 8.5 million TEUs during Jan-Oct 2022, about 6% down from 2021’s record pace.

Early arrival of holiday goods, economic concerns begin to slow record pace.

Seven months into 2022, the Port has moved an estimated 6,349,248 TEUs, on pace with the record set last year.

While container freight spot rates are dropping, U.S. imports continue to be strong.

OSRA 2022 establishes additional requirements and prohibited conduct for ocean carriers.

LA port has processed more than 4.5mn TEUs in the first five months of 2022, equal to last year’s record-setting pace.

Port completed its best first quarter ever, an increase of 3.5% from last year; handled 958,674 TEUs in March

Americans continue to import goods at record levels; ports and landside workforce unable to process cargo: WSC

Plan includes 18 participants across the supply chain including trucking, warehousing, logistics companies and ports.