Business

August Cargo Exceeds 954,000 TEUs at POLA

SAN PEDRO With a steady amount of cargo streaming through the Port of Los Angeles, in August, the port processed 954,377 Twenty-Foot Equivalent Units (TEUs), just under last August’s record of 961,833 TEUs.

Eight months into the 2021 calendar year, overall cargo volume is 7,273,053 TEUs, an increase of 30% compared to 2020.

Seroka said to better manage this record cargo, the Port of Los Angeles is co-hosting roundtable discussions with dozens of public and private stakeholders.

August 2021 loaded imports reached 485,672 TEUs, a decrease of 6% compared to the previous year, when American retailers ramped up orders to restock low inventory. Loaded exports decreased 23% to 101,292 TEUs compared to the same period last year.

Empty containers climbed to 367,413 TEUs, a jump of 17% compared to last year due to the continued demand in Asia. It was the highest number of empty containers the Port has handled in a single month, eclipsing the 361,359 TEUs processed in May 2021.

Details: www.youtube.com/watch?/BRIEFING-WITH-GENE SEROKA-and-ED-DESMOND 

Reporters Desk

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