Business, Freight News, Sea

Port of LA surpasses 9.1 million TEU mark for 2nd straight FY

[ August 7, 2018   //   ]

The Port of Los Angeles processed 723,141 TEUs in June, nearly on par – a dip of 1.1% – with last June. It is the second fiscal year period the port has surpassed the 9.1 million TEU mark, marking 24 months of record-breaking cargo movement.
“We closed our fiscal year on June 30th with 9,169,779 million TEUs,” said Port of Los Angeles Executive Director Gene Seroka. “The consistently high container throughput over the past 24 months speaks to our unmatched capabilities, and we are grateful to our terminals, labor force and supply chain partners for their efforts that made this milestone possible. Looking forward, a continued shuffling of alliance services in the San Pedro Bay, coupled with potential impacts from recently imposed tariffs, provide a level of uncertainty and potentially softened trade flows through our port during the second half of 2018.”
June 2018 imports increased 2.9% to 382,964 TEUs compared to the previous year. Exports increased 1.4% to 147,563 TEUs while empty containers fell 9.7% to 192,613 TEUs. Combined, June overall volumes were 723,141 TEUs.
Six months into 2018, overall volumes have decreased 3.9% compared to 2017, when the port set an all-time cargo record.