THE US-China trade war, the prolonged Lunar New Year factory shutdown combined with the coronavirus outbreak worldwide squeezed container volumes at most of the US' top container ports in January.
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The port of Los Angeles, the nation's busiest, saw the number of 20-foot units fall 5.4 per cent in January year on year, after processing 806,144 TEU, reported tt news.com.
"We anticipated that tariffs would continue to impact cargo volumes as we moved into 2020, and our January volumes reflect that ongoing trend," port of Los Angeles executive director Gene Seroka said.
Till now on March ,the ocean freight continue to raise steadily, "The agreement the federal government and China came to in mid-January will go a long way to restoring export volumes of agricultural products moving across the port of Virginia," CEO John Reinhart said. "We anticipate seeing a rebound in those cargoes in February, March and beyond, but the concerns related to the coronavirus are creating some new uncertainty in the industry.
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