The U.S. just slapped a 25% tariff on steel and aluminum imports. Plus: Super Bowl freight surged 38%, a $600K chassis theft ring was busted at the Port of LA, and Amazon’s strong Q4 fueled speculation about an Old Dominion acquisition.
The Port of Los Angeles reported its best performance since July of the previous year, having moved 833,035 Twenty-Foot Equivalent Units (TEUs) in June. The Executive Director, Gene Seroka, pointed out that cargo volume had risen by an impressive 70% since February, marking four consecutive months of gains. While a slight easing in cargo is expected in July, Seroka expresses optimism for improved performance in the latter half of 2023. However, in the first half of 2023, the Port handled 4,137,379 TEUs, marking a 24% decline in comparison to the same period the previous year.
The Port of Los Angeles saw its strongest month of activity in a year in June, which port executives linked to the resilient economy and the port workers' tentative labor deal. Read what U.S. Secretary of Labor Julie Su said about the negotiations. https://t.co/DqKW5H87Q6
— L.A. Business First (@LABusinessFirst) July 13, 2023
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
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