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

Container movement down 7% year-to-date at Los Angeles compared to 2021, down marginally at Long Beach

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

Port handled 709,873 TEUs in September, a 21% decrease from September 2021.

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.

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

The Group’s early return incentive to deliver $300/container to help customers offset costs.

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