LA Port Saw Second-Best Year Despite Cargo-Import Downturn (1)

The Port of Los Angeles recorded its second-busiest year, despite a sharp drop in the second half as supply-chain backlogs eased and the hub lost business to competing ports.

The Los Angeles port handled 9.91 million twenty-foot equivalent units, or TEUs, in 2022, marking the facility’s busiest year only after 2021, when it moved 10.7 million units, data on its website showed Thursday.

“We started 2022 at that same frenetic pace with 109 vessels in our queue,” said Gene Seroka, the port’s executive director. “Yet, we ended with a disappointing 20% decline that began last August.”

After a ...