15% drop in activity is forecast. FMTNews LosAngeles
LOS ANGELES: The Port of Los Angeles, the biggest in the United States, has been significantly impacted by the new coronavirus outbreak and is forecasting a 15% to 17% drop in activity in the first quarter of the year, officials said Wednesday.
“We have advised the marketplace that we expect quarter one container volume to be down 15% to 17%,” he added.“In summation, for our port community, less cargo means fewer jobs,” Seroka said, adding that some dock workers had been asked to stay home because there is not enough work. “That will cause the American farmer further harm on top of the trade tariffs,” he said, referring to the US-China trade war.
The American Association of Port Authorities said in a statement last week that cargo volume at many US ports during the first quarter of 2020 may be down by 20% or more compared to 2019 because of the spreading virus.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Panic buying prompts toilet roll rationing Down UnderNSTworld: Australia’s biggest supermarket on Wednesday announced a limit on toiletpaper purchases after the global spread of coronavirus sparked a spate of panic buying Down Under. covid19
Read more »
BMW says coronavirus hit China sales but sticks to 2020 global targetFRANKFURT: BMW on Tuesday said its China sales have taken a hit this year because of the new coronavirus, but stuck to its target for growing passenger car sales for the year, and said its global supply chain has not been disrupted.
Read more »
Japan coronavirus cases hit 1,000 mark as Tokyo insists Olympics on trackCORONAVIRUS | Tokyo 2020 Olympics president Yoshiro Mori not considering to cancel or delay the Games.
Read more »
What you need to know about coronavirus right nowHere’s what you need to know about coronavirus.
Read more »
World failed to learn SARS lessons for coronavirus fightThere are now 7 known coronaviruses that are transmissible among humans, more are likely to spread. FMTNews SARS
Read more »
Felcra confirms a BOD member contracted Covid-19CORONAVIRUS | The company has instructed its employees at HQ to temporarily work from home.
Read more »