Worsening LA-LB port congestion delays recovery until March.
Congestion at the Los Angeles-Long Beach port complex is worsening, having bled into intermodal rail operations and drayage to regional warehouses, pushing back expectations for relief to no sooner than March.
"We still remain in peak situation. We are expecting relief around the third week of February," Gene Seroka, executive director of the Port of Los Angeles quoted as saying last week. December was a big month for the ports, with imports increasing 21.6 percent in Los Angeles and 7.9 per cent in Long Beach, according to port statistics.
Rather than dissipating with the onset of the Lunar New Year as anticipated, port sources are now projecting congestion will remain for about two more weeks. Truckers, who are finding it increasingly difficult to secure appointments at the marine terminals and deliver inbound containers to severely impacted import distribution centers, are suffering collateral damage because of mounting storage charges.
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|Publication:||Pakistan & Gulf Economist|
|Date:||Feb 24, 2019|
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