Containerized freight passing through California’s big three ports dropped 15.1% year over year in February, including a 19.3% slide in imports due to the early lunar new year and disruptions caused by the coronavirus outbreak. A 24.1% slump in handling of empty containers, which are normally sourced from inbound shipments and used for exports, indicates the scale of the task facing logistics companies in returning to normal. Imports from China to all Californian ports slumped 35.2% lower year over year in February while those from Asia ex-China increased by just 4.6%. A slow re...
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