Port of LA Throughput Negatively Impacted by Chinese New Year
Port of Los Angeles container ship: Image courtesy of the Port
February 2014 cargo volumes in the Port of Los Angeles decreased 8.9 percent compared to the same month last year informs the Port in its latest report.
The Port considers that the decrease is due in part to the Chinese New Year, which closed many factories in Asia for two to three weeks in February. Last year, the holiday was found to have had a negative impact on March container volumes.
Container imports decreased 10.6 percent, from 318,547 Twenty-Foot Equivalent Units (TEUs) in February 2013 to 284,812 TEUs in February 2014. Exports dropped 6.2 percent, from 156,690 TEUs in February 2013 to 146,925 TEUs in February 2014.
Combined, total loaded imports and exports for February decreased 9.1 percent, from 475,237 TEUs in February 2013 to 431,738 TEUs in February 2014. Factoring in empties, which decreased 8.3 percent year over year, overall February 2014 volumes (559,786 TEUs) fell 8.9 percent compared to February 2013 (614,948 TEUs).
Current and past data container counts for the Port of Los Angeles may be found at:
http://www.portoflosangeles.org/maritime/stats.asp
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