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            october 15, 2019

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Indiaexportnews.com

Los Angeles August cargo scores another record breaking 861,081 TEU

  13.09.2019    

The Port of Los Angeles has set a new single-month cargo record for the fifth consecutive month, reports the American Journal of Transportation.
In August, the port moved 861,081 TEU, the busiest August in the port's 112-year history and a 4.2 per cent increase over the same period last year.
August 2019 imports increased 4.1 per cent to 437,613 TEU compared to the previous year. Exports decreased 10 per cent to 146,284 TEU, the 10th consecutive monthly decline of exports.
Empty containers increased 13.8 per cent to 277,183 TEU. Combined, August overall volumes were 861,081 TEU. The previous August record was set in 2017 with 847,857 TEU.
Eight months into 2019 overall volumes have increased 5.7 per cent compared to 2018, when the port set an all-time cargo record.
"Our strong volume growth this year is due in part to our global supply chain relationships, aggressive marketing and improvements in operational efficiencies," said port executive director Gene Seroka.
"We continue to build value with the Port Optimizer, a digitisation tool which increases visibility of incoming cargo and improves logistics planning and overall efficiency.
"The final months of 2018 ended with an extraordinary influx of imports to beat expected tariffs on China-origin goods," saud Mr Seroka. "We don't expect to see those kind of volumes in the months ahead. We need a negotiated settlement of the US-China trade war to restore global trade stability."



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