Friday, November 17, 2017

Volumes Down at Los Angeles

By Karen Robes Meeks

Despite last month being the Port of Los Angeles’ third best October, the nation’s busiest seaport saw its numbers fall 8.1 percent to 748,762 TEUs compared to the same period a year ago, according to the numbers released this week.

The port moved 383,385 imported TEUs, an 8.1 percent decrease from October 2016, and 144,209 exported TEUs, a 13.3 percent drop year over year.

The decrease is not wholly unexpected, given last year’s record-shattering October when the Los Angeles took on more cargo following the 2016 collapse of Hanjin.

Despite the drop, port officials highlighted its strong cargo volumes in 2017. With volumes up 6.4 percent to 7.6 million TEUs from 2016, the port is projected to move 9 million TEUs in one year, a milestone among ports in the Western Hemisphere.