Looks toward second quarter
In his latest video message, Port of Los Angeles Executive Director Gene Seroka underscores that while Port operations are smooth, cargo volume has declined 30.9% in March and 18.5% during the first quarter of the year. Looking at the next quarter, production in China is ramping up slightly, but U.S. orders are not – the current demand has decreased.
The $580 million in grants awarded today range in size from more than $53 million for the Port of San Juan Puerto Rico to restore key wharves to $708,750 for…
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