The Port of Los Angeles enjoyed its best May on record as its TEU volume increase by 7.8% compared to the same time in 2018, according to its latest financial figures.
The first five months of 2019 have seen overall volumes increase by 5.2% compared to the first five months of 2018, with the amount of TEU reaching 826,662.
May 2019 imports increased by 5.5%, precisely 427,789 TEU, compared to May 2018, and exports decreased by 0.8% to 167.357 TEU.
A recent Port Technology technical paper looked at transshipment and gateway volatility
Empty containers increased by 20% to 233,515 TEU. The overall figures represent a significant increase on the Port’s previous busiest May – 796,217.
Speaking about the results, Port of Los Angeles Executive Director Gene Seroka said: “I’m extremely pleased with another record month of throughput and grateful to our supply chain stakeholders, terminal operators and unparalleled labor force for their performance.
“As we prepare for our traditional peak shipping season in the months ahead, we’re closely monitoring global trade tensions that have created heightened unpredictability.”
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