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January 31, 2027
Resolves YES if Port of LA reports total loaded + empty TEUs for calendar year 2026 is <9.0 million. Otherwise NO. Source: https://www.portoflosangeles.org/
Port of LA expects "single-digit declines" in 2026 volumes vs 2025's ~10 million TEUs. Falling below 9M would be the lowest since 2020 and signal that tariff uncertainty and inventory drawdowns have materially crimped import demand.