Port of Los Angeles posts 113% jump in volumes
The Port of Los Angeles registered a 113% jump in container volumes for March, compared to the same period 2020 when global trade slowed to a crawl after the onset of the COVID-19 pandemic.
“As more Americans get vaccinated, businesses reopen and the economy strengthens, consumers continue to purchase goods at a dizzying pace,” said Port of Los Angeles Executive Director Gene Seroka Wednesday at an online briefing conference.
In total, the port processed 957,599 Twenty-Foot Equivalent Units (TEUs) in March, the loaded imports volume reached 490,115 TEUs last month, an increase of 123% compared to the previous year, while loaded exports edged up 1.5% to 122,899 TEUs. Empty containers, heavily in demand in Asia, surged 219% compared to March 2020 reaching 344,585 TEUs.
The cargo surge in March also marked the largest monthly year-over-year increase in the port’s history and its busiest first quarter so far. Moreover, the overall cargo volumes through the nation’s busiest container port have increased 44% compared to 2020.
The post Port of Los Angeles posts 113% jump in volumes appeared first on Global Cargo Insight.
Photo by Barrett Ward on Unsplash