Port of Los Angeles volumes increase by 22%

The Port of Los Angeles processed 889,746 TEUs in November, an increase of 22 percent compared to November 2019.

A combination of increased consumer spending, holiday shipments and replenishment of warehouse inventories has resulted in an unprecedented surge of cargo in recent months.

Gene Seroka, executive director, Port of Los, commented:“Since August, monthly cargo volume has averaged almost 930,000 TEUs. It’s unusual to see this kind of import activity this late in the year. But 2020 has been anything but normal.

“With consumers continuing to stay at home and purchase goods rather than services, we expect robust activity on our docks to continue for at least several months. To help stakeholders manage the cargo influx, the Port has introduced new data tools for asset planning, provided additional land for chassis and containers, and is working with cargo owners large and small to prioritize their shipments.”

Year to date, overall cargo volume is 3 percent lower compared to 2019. The first five months of 2020 cargo had plummeted nearly 19 percent compared to last year. Since then, imports from Asia have been coming at a record pace while U.S. exports have decreased 23 of the last 25 months at the port.

November loaded imports reached 464,820 TEUs compared to compared to 371,350 TEUs in November 2019. Loaded exports decreased 5.5 percent to 130,917 TEUs. Empty containers, heavily in demand in Asia, increased 34.2 percent compared to November 2019, reaching 294,010 TEUs.

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