Business, Freight News, Sea

Lunar New Year Affect Eases February Cargo at Port of Los Angeles

[ March 29, 2017   //   ]

Coming on the heels of record volumes in January, Port of Los Angeles cargo traffic decreased in February compared to 2016. The timing of the Lunar New Year resulted in a significant amount of cargo being shipped in January rather than February.

February container volumes of 625,381 TEUs decreased 12.4% compared to the record February 2016 volumes of 713,721 TEUs, which were 42% higher than 2015. Compared to the Port’s most recent 5-year average of February container volumes, February 2017 volumes were up 7.2%.

“While volumes eased compared to the record cargo we saw last February, I’m pleased that we’ve seen year-over-year growth to start 2017,” said Port of Los Angeles Executive Director Gene Seroka. “We are actively engaged on many fronts to grow cargo volumes – and jobs –the San Pedro Bay.”

For the first two months of 2017, Port volumes have increased 2.3% compared to the same period last year.

February 2017 imports dropped 19.8% to 298,974 TEUs compared to the previous year. Exports increased 6.1% to 155,357 TEUs. Total loaded volumes of 454,332 TEUs fell 12.5% compared to the previous year. Empty containers slipped 12.1% to 171,048 TEUs.