The Busiest US Port Sees Cargo Business Slowing Into the Holiday Season

Cargo volumes at the Port of Los Angeles fell for a second month in September and the outlook remains “soft” for the rest of the year, according to Gene Seroka, the head of the nation’s busiest container port.

The port handled 709,873 twenty-foot equivalent containers last month, down 22% from a year ago and the lowest amount for September in seven years, according to an emailed statement on Wednesday. Volumes so far this year are 4% lower than last year’s record-setting levels, said Seroka.