Saturday, October 23, 2021

Port of LA reports cargo volume so far up 30 percent in 2021

LOS ANGELES—The Port of Los Angeles announced on September 15 that cargo volumes during the first eight months of 2021 were up 30 percent compared to the same period in 2020.

The port transferred 7,273,053 20-foot equivalent units (TEU) between January and the end of August. Despite the increase, the port transferred 954,377 TEUs last month, slightly less than last August when the port set the month’s record with 961,833 TEUs.

The port expects the rest of the year to remain strong, with US consumer demand continuing unabated for the previous year.

“Our port optimizer data indicates that there is a significant amount of growth on our way throughout this year and into 2022,” said Jean Cerocca, Port of Los Angeles executive director. “Port-related employment is strong, with longshore shifts up 32 percent compared to last year.”

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The port transferred 485,672 imported TEUs in August, a decrease of 6 per cent from the same month last year. Exports loaded at the port decreased by 23 percent compared to the same month last year, moving only 101,292 TEUs. The port said empty containers increased by 17 to 367,413 TEUs, citing demand in Asia. Officials said it was the emptyest container at the port in a month. The previous record was for May 2021, when 361,359 vacant TEUs were processed.

“To better manage this record cargo, the Port of Los Angeles is co-hosting roundtable discussions with dozens of public and private stakeholders,” Serocca said. “We are pursuing a short- and long-term strategy with our partners to meet the increased demand.”

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This News Originally From – The Epoch Times

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