The queue of vessels waiting to unload goods at the Port of Los Angeles, North America’s busiest container port, has fallen 80% since the start of the year as global container prices continue to slide, pointing to more easing in supply chain disruptions.
The backlog of vessels waiting outside Los Angeles has fallen from a record high of 109 to 20 and the port moved 876,611 twenty-foot equivalent units (TEUs) in June in its best record in over 100 years.
“We’re going box for box with the record that we set for the first half just last year. So the cargo keeps moving. And the efficiencies of getting that cargo from the ship to shore by rail and truck continues to improve,” Port of Los…