Business, Freight News, Sea

Port of Los Angeles sees third busiest February

[ March 31, 2019   //   Gary G Burrows ]

The Port of Los Angeles moved 705,306 TEUs in February. While it was the third busiest February at the port, it represents a 2.7% decrease compared to last year’s record-setting February.

The timing of the Lunar New Year, when production in some Asian countries slows, resulted in some cargo being shipped in January rather than February.

“After the busiest seven months in the history of our port, the anticipated ease in cargo volume provides an opportunity for us to regroup with our stakeholders,” said Port of Los Angeles Executive Director Gene Seroka. “With an uneven trade flow, we will be closely evaluating next steps for enhancing supply chain efficiencies.”

For the first two months of 2019, Port volumes have increased 1.6% compared to the same period last year.

February 2019 imports dropped 9.1% to 348,316 TEUs compared to the previous year. Exports decreased 9.5% to 142,554 TEUs. Empty containers increased 16.3% to 214,436 TEUs.

Tags: Port of Los Angeles