Ports will see a slow start to 2023 as an early Chinese New Year means Asian factories will shut for as long as five weeks.
container volume in November was off by 21 percent, with imports decreasing 24 percent compared to last year while exports were up 9 percent.
Imports came in so rapidly that truckers and railroad workers had a hard time clearing cargo containers from the docks. One year ago the average dwell time for a container to be picked up by a truck at the ports was 8.37 days. Now it is 3.1 days. With cargo flows dwindling and traffic moving to other ports, Seroka of the Port of Los Angeles said he has spent the last six weeks traveling across the U.S. to talk with importers and
Still, the nation’s ports will be experiencing a slow beginning next year. Not only are Chinese factories still affected by pandemic illnesses and quarantines, but Chinese New Year comes early in 2023, landing on Jan. 22.
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