the-budget-lab

Tariffs Topple LA Port Volume, FY 2025-26 Budget

The Port of Los Angeles blamed the impacts of tariffs on imports and exports, as its May volume fell 5 percent to 716,619 twenty-foot equivalent units, or TEUs, and ending 10 straight months of year-over-year growth in overall cargo volume. “May marked our lowest monthly cargo output in over two years,” said Gene Seroka, executive director of the Port of Los Angeles. “While May volume is typically stronger than April as ... [+]