Afternoon Coffee: Port of LA Handles Fewer Containers in September, Fails to Meet Emission Reduction Goals

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The Port of Los Angeles is handling fewer containers as the year progresses, with just 124,286 loaded 20-foot equivalent units handled in September, down 17.5% from a year ago. September also marked the 12th month of declines for loaded export containers. The drop is a sign of declining U.S. international trade.

The LA port also has failed to meet its emission reduction goals set in a legal settlement over a decade ago. So far, the port has completed 11 of the 52 pollution-reduction measures it agreed to.

The United Parcel Service said beginning Nov. 2 it will begin its holiday season shipping rates. Specifically, it will raise fuel surcharges from 4.75% to 5.25%, increase ground shipping charges from 3% to 4.5% and charge an additional $52.50 for large, heavier packages.

US industrial production fell in September again, dropping 0.2%. In September 2014, industrial production was actually up 0.4%.

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