Ports of LA, Long Beach See Traffic Dip Below Spring Peak
The Ports of Los Angeles and Long Beach processed a total of 1.43 million TEUs in the month of June, a 7% dip below the spring peak in May, JLL reported. Meanwhile, East Coast and Gulf Coast port volumes reflected similar June behavior.
Performance varied between ports, with the Port of Los Angeles recording its busiest month in nearly a year. Conversely, the Port of Long Beach fell 21% month-over-month, most likely hitting its first annual peak one month earlier than LA.
Cargo through both ports is expected to show decreases in July, and nine sailings had already been cancelled by the start of the Port of LA’s monthly cargo briefing mid-month, reported JLL research analyst Logan Hood. Despite signs of softening, Port of LA Executive Director Gene Seroka expressed confidence in the second half of the year, expecting it to outperform the first half of the year significantly.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).