Port of Los Angeles achieves third best cargo handling month in its history

17/06/2022

The Port of Los Angeles processed 967,900 TEU in May, recording the third best overall month in its 115-year history.

In the first five months of the year, the port has processed more than 4.5 million TEU, equal to last year’s record rate.

“Retailers replenished inventory throughout the spring and now we’ll see a transition to back-to-school goods, fall fashion and some early year-end holiday products,” said Port of Los Angeles Executive Director Gene Seroka.

“While American consumers have become more cost conscious, overall demand remains strong,” he added.

“Meanwhile, we’ve reached a new productivity milestone on our docks. On average, 12,000 TEU were discharged and loaded back on to every container vessel in May. That eclipsed our own previous best-in-the-business record of 11,300 TEU recorded last summer, ” Seroka stressed.

May’s cargo volume at the port of Los Angeles was the third best performance in its history with the first achieved in May 2021 and the second in October 2020.

Loaded imports in May 2022 reached 499,960 TEU, recording a decrease of 6.8% compared to the previous year, but was 21% higher than the average of May of the previous five years.

Loaded exports amounted to 125,656 TEU, an increase of 14.3% compared to the same period last year.

It is important to note that May marked the highest level of exports held in the port of Los Angeles since November 2020.

Meanwhile, empty containers reached 342,285 TEU, down 6.6% compared to last year.

Source: Container News