Business, Freight News, Sea

Port of Los Angeles Reports Overall Gains of 10% in 1st Quarter

[ April 24, 2017   //   ]

March cargo volumes jumped 29% at the Port of Los Angeles compared to the previous year.  The robust numbers came through a combination of strong export volumes (up 20%), a post Lunar New Year surge of cargo from Asia, and U.S. retailers shipping merchandise ahead of the new vessel alliance deployments that began this month. For the first quarter of 2017, cargo has increased 10% compared to 2016.

“We are pleased to end the first quarter of 2017 with strong volumes and continually efficient cargo handling operations,” said Port of Los Angeles Executive Director Gene Seroka. “We continue to earn the confidence of shippers and are encouraged by the strength of our supply chain partners. In the coming months, we will remain laser focused on infrastructure improvements, technology solutions, and a strategic use of resources to ensure that we meet the needs of our marine terminal customers and the carriers they serve.”

March 2017 container volumes of 788,524 TEUs increased 29% compared to the March 2016 volumes of 612,863 TEUs. The port’s most recent five-year average of March container volumes is 646,724, and this year’s volumes represent a 22% increase over the five-year average. March 2017 imports jumped 30% to 373,549 TEUs compared to the previous year. Exports increased 20% to 191,772 TEUs. Total loaded volumes of 565,321 TEUs increased 27% compared to the previous year. Empty containers grew 34% to 223,203 TEUs.