Port of Los Angeles Marks 3rd Consecutive Monthly Cargo Record

The Port of Los Angeles processed 958,674 Twenty-Foot Equivalent Units (TEUs) in March, its third consecutive monthly cargo record. The Port completed its best first quarter ever, tracking 3.5% above last year’s record. “With improved fluidity on our docks and fewer vessels waiting to enter the port, our terminals are processing cargo at record levels,” said Port of Los Angeles Executive Director Gene Seroka. “Yet we’re not taking anything for granted. We’re using our Port Optimizer data to find developing issues and adjust to market demands. We will keep working at this every day.” March TEUs of 958,674 TEUs represent the third-best month ever in the Port’s 115-year history, just behind the 1,012,048 TEUs recorded last May and 980,729 TEUs in October 2020. March 2022 loaded imports reached 495,196 TEUs compared to the previous year, an increase of 1%. Loaded exports came in at 11,781 TEUs, a 9% decrease compared to the same period last year. Exports have now declined 37 of the last 41 months in Los Angeles. Empty containers climbed to 351,697 TEUs, a jump of 2% compared to last year. Three months into 2022, overall cargo volume has reached 2,682,034 TEUs, a 3.5% increase compared to 2021.

Source: www.portla.org