Summary
Read original article →
The Port of Los Angeles has approved a $3.4 billion budget for fiscal 2026-2027 while forecasting a 7% decline in container volumes to 9.3 million TEUs. China share of containerized imports through Los Angeles has fallen to approximately 40% in 2026, down sharply from 53.4% in 2025 and 61% in 2020, reflecting the lasting impact of U.S.-China trade tensions and tariff policies. The port cited continued global trade volatility and trade policy uncertainty as factors in its cautious outlook. Despite the volume forecast, the port is increasing capital improvement spending to a 10-year high, including the $74 million rail expansion at Berths 302-305 and the Pier 500 terminal development, the first new container terminal in decades.