Long Beach container volumes sink in February
The Port of Long Beach said total container traffic in February was 318,042 TEU, down 40 percent from the same period the prior year.
The Southern California port said it has handled about 2.3 million TEUs in its current fiscal year that began in October, down 20 percent from the prior year.
The Port of Los Angeles Tuesday also reported sharply lower container volumes, saying February volumes were 32.6 percent lower than February 2008.
In addition to the global recession, February container volumes are also impacted by factory closures during Chinese New Year.