Port of Los Angeles registers record cargo volume of 9.2 million TEUs for 2016–17
Posted By : STAT Trade Times
July 18, 2017: North America’s leading sea port, Port of Los Angeles closed its 12-month fiscal year with total cargo volumes of 9.2 million Twenty-Foot Units (TEUs). This is a new annual record for most container throughput for a Western Hemisphere port. Volumes increased 8.1 percent in June compared to the same period last year, marking the second busiest June in the Port’s 110-year history.
“As we mark the mid-point of 2017, we are grateful to our terminal operators, shipping lines, labour force and land-side supply chain stakeholders for their focus on teamwork and efficiency, because they are the reason why we attained record-breaking volumes these past 12 months. Despite an unprecedented change in our industry, we are demonstrating the LA Advantage regarding world-class infrastructure, competitive pricing and extraordinary customer service,” said Gene Seroka, executive director of the Port of Los Angeles.
June loaded imports increased by 4.7 percent to 372,272 TEUs. Loaded exports rose by 3.5 percent to 145,527 TEUs. Along with an 18.6 percent rise in empty containers, overall June container volumes were 731,032 TEUs. Previously, the strongest June in the Port’s history was 2014, when 736,439 TEUs moved through its terminals.
Through June, total 2017 cargo volumes are 4,482,548 TEUs, an increase of 8.4 percent compared to the same period in 2016. The 12-month period for the 9,205,755 TEU record corresponds with the Port’s July 2016 through June 30, 2017, Fiscal Year and the Port is on track to end the 2017 calendar year exceeding last year’s record volumes. In 2006, Los Angeles was the first port to surpass an annual throughput of 8 million TEUs, a decade-long record that was broken with the calendar year 2016 volumes of 8.8 million.
Originally published at www.stattimes.com.