According to Port of Los Angeles’ statement, it moved 828,662 Twenty-Foot Equivalent Units (TEUs) in May, the busiest May in the Port’s 112-year history. The volumes reflect growth of 7.8% in comparison to the same period last year.
Specifically, for the first five months of 2019, Port volumes have increased 5.2% compared to the same period last year.
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The port’s imports for May also experienced an increase by 5.5%, at 427,789 TEUs, in comparison to May 2018; Yet, the exports declined by 0.8% to 167.357 TEU.
Moreover, the empty containers rose by 20%to 233,515 TEU. The overall figures represent a significant increase on the Port’s previous busiest May – 796,217.
Port of Los Angeles Executive Director Gene Seroka commented on the results that
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.
She concluded that as they are preparing for their usual peak shipping season in the following months, they are, at the same time, closely monitoring global trade tensions that, as she quotes ‘have created heightened unpredictability.’