Overall cargo volumes at the Port of Los Angeles increased by almost 11% in May, 2016 compared to the same period in 2015, marking the busiest May in the port’s 109-year history.
Total volumes registered at more than 770,000 TEU, with container growth of 8.7% for the first five months of 2016, in comparison to 2015.
Gene Seroka, Executive Director of the Port of LA, said: “The strong growth both on the import and export side is encouraging as we continue to explore ways to improve supply chain efficiencies.”
Seroke continues: “The unwavering efforts of our supply chain partners, including organised labour, have had a significant impact on our success.”
May loaded imports increased 15% to more than 400,000 TEU. Loaded exports rose 6.3% to more than 162,000 TEU. Along with a 7.1% rise in empty containers, overall May container volumes were more than 770,000 TEU.
Through May, total 2016 cargo volumes are more than 3.4 million TEU, an increase of 8.7%, compared to the same period in 2015.
It was recently announced that the Los Angeles Board of Harbor Commissioners had approved a more than US$1 billion fiscal year budget for the port.