Business

Another Record Month at the Port of Los Angeles

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

Port Briefs: Trade Slows at POLA/POLB, POLA Signs Agreements with Tokyo and Yokohama Ports and New Port Tenant Services Director

The Port of Los Angeles March 16 entered into separate Memorandum of Understandings or MOUs with the Port of Tokyo and the Port of Yokohama – to more formally collaborate on sustainability and environmental issues.

March 20, 2023

In "Briefs"

Port of Los Angeles Breaks Another Cargo Record in July

SAN PEDRO — The Port of Los Angeles processed an estimated 935,345 Twenty-Foot Equivalent Units (TEUs) in July, outpacing the previous record set in 2019 by 2.5%. The Port has set monthly records in five of seven months in 2022. Port of Los Angeles Executive Director Gene Seroka said at…

August 17, 2022

In "Briefs"