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Sunday, October 22, 2017

Los Angeles Port Cargo Volumes Rise

April 17, 2017

Photo: Port of Los Angeles

Photo: Port of Los Angeles

 Californian Port of Los Angeles has seen its volumes increase by 10 percent in the first quarter of 2017 as it handled a total of 2.23 million TEUs in the three-month period, compared to 2 million TEU seen in the same quarter a year earlier.

“We are pleased to end the first quarter of 2017 with strong volumes and continually efficient cargo handling operations,” said Port of Los Angeles Executive Director Gene Seroka. 
Gene adde: “We continue to earn the confidence of shippers and are encouraged by the strength of our supply chain partners. In the coming months, we will remain laser focused on infrastructure improvements, technology solutions, and a strategic use of resources to ensure that we meet the needs of our marine terminal customers and the carriers they serve.”
March cargo volumes jumped 29 percent at the Port of Los Angeles compared to the previous year. The robust numbers came through a combination of strong export volumes (up 20 percent), a post Lunar New Year surge of cargo from Asia, and U.S. retailers shipping merchandise ahead of the new vessel alliance deployments that began this month.
March 2017 container volumes of 788,524 Twenty-Foot Equivalent Units (TEUs) increased 29 percent compared to the March 2016 volumes of 612,863 TEUs. The Port’s most recent five-year average of March container volumes is 646,724, and this year’s volumes represent a 22 percent increase over the five-year average. 
March 2017 imports jumped 30 percent to 373,549 TEUs compared to the previous year. Exports increased 20 percent to 191,772 TEUs. Total loaded volumes of 565,321 TEUs increased 27 percent compared to the previous year. Empty containers grew 34 percent to 223,203 TEUs.
The Port of Los Angeles is America’s premier port and has a strong commitment to developing innovatively strategic and sustainable operations that benefit Southern California’s economy and quality of life.
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