Friday, July 20, 2018

Los Angeles Volumes Down

By Karen Robes Meeks

The Port of Los Angeles handled 723,141 TEUs last month, a 1.1 percent dip compared to June 2017. Meanwhile, imports rose 2.9 percent to 382,964 TEUs and exports were up 1.4 percent to 147,563 TEUs, according to the latest numbers released Tuesday.

The port has surpassed the 9.1 million TEUs for the second consecutive fiscal year.

“We closed our fiscal year on June 30 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,” Seroka noted.