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Insights

​​The San Pedro Port Activity Update Report

Port volume at the San Pedro Ports began to increase in Q2 2023; however, it remained lower compared to the same period a year ago.

KEY TAKEAWAYS:  

As of June 2023, a tentative agreement has been reached between the PMA and the ILWU, with the hope that shippers who have redirected cargo away from the ports of Los Angeles and Long Beach due to the negotiations will return, boosting cargo volume going forward. 

Los Angeles vacancy rate has increased 80 basis points to 2.0% so far in 2023, although Los Angeles remains the second tightest market in the country. 

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