Port of Los Angeles breaks August cargo record with 861,081 TEUs
Sep 11, 2019: US’ major shipping port Port of Los Angeles has set a new single-month cargo record for the fifth consecutive month in August. During the month, the port moved 861,081 Twenty-Foot Equivalent Units (TEUs), an increase of 4.2 percent over the same period last year. The imports increased 4.1 percent to 437,613 TEUs […]
Sep 11, 2019: US’ major shipping port Port of Los Angeles has set a new single-month cargo record for the fifth consecutive month in August.
During the month, the port moved 861,081 Twenty-Foot Equivalent Units (TEUs), an increase of 4.2 percent over the same period last year.
The imports increased 4.1 percent to 437,613 TEUs compared to the previous year. Whereas, the exports saw its tenth consecutive month of decline. The exports decreased by 10 percent year-on-year to 146,284 TEUs.
Empty containers increased 13.8 percent to 277,183 TEUs. Combined, August overall volumes were 861,081 TEUs.
The port recorded the busiest August in its Port’s 112-year history, breaking the previous August record set in 2017 with 847,857 TEUs.
Eight months into 2019 overall volumes have increased 5.7 percent compared to 2018, when the port set an all-time cargo record.
“Our strong volume growth this year is due in part to our global supply chain relationships, aggressive marketing and improvements in operational efficiencies,” said Gene Seroka, executive director, Port of Los Angeles.
For the fifth consecutive month, the Port of Los Angeles has set a new single-month cargo record. In August, the #PortofLA moved 861,081Twenty-Foot
Equivalent Units (TEUs), the busiest August in the Port’s 112-year history. https://t.co/6oWBudmyIZ pic.twitter.com/pTby1O3srF
“We continue to build value with the Port Optimiser, a digitisation tool which increases visibility of incoming cargo and improves logistics planning and overall efficiency.
“The final months of 2018 ended with an extraordinary influx of imports to beat expected tariffs on China-origin goods,” Seroka added.
“We don’t expect to see those kind of volumes in the months ahead. We need a negotiated settlement of the US-China trade war to restore global trade stability.”
