LA, Long Beach Ports Report Big Gains for August

The Port of L.A.’s cargo volume last month beat a record set in October 2018 and was up 12% compared to August 2019. The busy season at the San Pedro Bay Port Complex is off to a good start, with both ports reporting cargo volume increases for August. The Port of Los Angeles handled 961,833 twenty-foot-equivalent units of cargo in August, beating out its previous volume record set in October 2018, and 12% more than in August 2019. Imports increased year over year by 18% to 516,286 TEUs, exports were down 10.2% to 131,429 TEUs, and the volume of empty containers was up 13.3% to 314,118 TEUs. Terminal operators and dockworkers at the Port of Long Beach moved 725,610 TEUs of cargo last month, a 9.3% increase compared to same period last year. Imports rose 13% to 364,792 TEUs while exports grew 1% to 126,177 TEUs. The volume of empty containers shipped overseas increased 8.5% to 234,642 TEUs. “This is the first time in our history that we’ve ever crossed the half-million mark on imports,” Port of Los Angeles Executive Director Gene Seroka said during a video press conference. “However, imports are still down year to date through August […]

Click here to view original web page at labusinessjournal.com

More from Long Beach