The Port of Los Angeles loses approximately $400,000 in revenue with each canceled sailing. With 28 blanked sailings forecast for the remainder of the second quarter through June 30, that’s $11.2 million in revenue the port won’t collect.
“But the story is much greater than that,” said Port of LA Executive Director Gene Seroka of the coronavirus pandemic. “So many folks now are seeing the impacts, whether it be on quarterly earnings announcements, their decisions on personnel, what we see in the...
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