Cargo volume at the San Pedro Bay Complex has continued its downward trend — but the cruise industry at the Port of Los Angeles is experiencing a post-pandemic revival.
Imports decreased 32.3% and exports declined 14.2% in Long Beach. The downturn there was attributed to “softened consumer spending, increased prices driven by inflation and a shift in trade routes.” Factories in Asia, he said, have had extended Lunar New Year closures, while warehouses here are still full, prompting retailers to offer discounts. The uncertain economy hasn’t helped, Seroka said.
“Though some of that cargo may be lost for good,” he said, “with the capacity on our docks today, we’re ready to unlock new levels of value and service at the Port of Los Angeles.” Seroka said 250 cruise ship calls are set for the current calendar year, a sign that the industry is on an upswing that is expected to benefit the port.