Thursday, December 15, 2011

Port of LA Sees Record Growth in Export Volumes

For the second straight month, loaded exports have set a record at the Port of Los Angeles, according to figures released Dec. 15.

During November, 195,877 TEUs of loaded export containers moved through the port, an increase of 15 percent compared with the same month in 2010. During the first 11 months of 2011, exports have already surpassed 2010 volumes, which had been the previous record year for exports. The port says it’s on pace to export more than two million TEUs during the current calendar year.

Additionally, the number of loaded inbound containers moving through LA rose over six percent last month compared with the same period last year, to 354,313 from 333,710. Total container traffic during the month amounted to a 4.07 percent year-over-year rise, to 694,108 TEUs this November, from the 666,970 that were moved during the same month in 2010.

The news isn’t all great, however. During the first 11 months of the calendar year, TEU traffic rose at the Port of LA by just 71,791 containers from the year before – a total 0.99 percent, according to the port.