SAN PEDRO — The Port of Los Angeles processed 857,764 Twenty-Foot Equivalent Units (TEUs) in February, a 7.3% increase compared to last year. It was the Port’s busiest February in its 115-year history and represents back-to-back record months to begin 2022.
Port of Los Angeles executive director Gene Seroka announced the February data during a virtual media briefing, where he was joined by Dee Dee Meyers, Director of the California Governor’s Office of Budget and Economic Development (GO-Biz). Myers outlined Gov. Gavin Newsom’s planned record investment of $2.3 billion for California ports in the upcoming budget.
February 2022 loaded imports reached 424,073 TEUs compared to the previous year, an increase of 2.7%. Loaded exports came in at 95,441 TEUs, a 5.7% decrease compared to the same period last year. Exports have now declined 36 of the last 40 months in Los Angeles.
Empty containers climbed to 338,251 TEUs, a jump of 18.6% compared to last year due to the continued heavy demand in Asia.
Two months into 2022, overall cargo volume has reached 1,723,360 TEUs, a 5.4% increase compared to 2021.
Details: www.youtube.com/watch/cargo-volume-supply-chain-update