Los Angeles Container Volumes Drop in March

The Port of Los Angeles reports March container volume fell 22.6 percent to 503,168 TEUs from 650,452 TEUs in March 2012. That followed a 17.9 percent surge in February and reflects declines for imports (-28.7 percent) exports (-17.9 percent) and empty containers (-14.6 percent). The port attributes the March drop to the loss of a vessel service and most especially to the timing of the Chinese New Year, which slows production in Asian countries that export to the United States.