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

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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