July was best month this year for Port of LA
Written by Nick Blenkey
Port of Los Angeles Executive Director Gene Seroka. “While we expect more cargo moving crossing our docks in March, volume will likely remain lighter than average in the first half of 2023.”
In what could be a hopeful indication of a recovery in transpacific trade, North America’s leading seaport by container volume and cargo value, the Port of Los Angeles, reports that it moved 856,389 Twenty-Foot Equivalent Units (TEUs) in July, the busiest month thus far of 2020. It was also the second-best July in the port’s history, trailing July 2019 by 6.1%.
“Fewer canceled sailings and 11 additional ‘ad hoc’ or unscheduled ship calls helped drive both imports and exports higher than recent months but still short of last July’s all-time record,” said Executive Director Gene Seroka. “Preliminary data for August indicates solid volumes as retailers continue restocking inventories and preparing for the year-end holiday season.”
July loaded imports decreased 4.3% to 456,029 TEUs compared to the previous year. Loaded exports dropped 21.7% to 126,354 TEUs. Empty containers declined 0.1% to 274,007 TEUs. In total, July volumes totaled 856,389 TEUs.
Seven months into 2020, overall volumes are 4,618,278, a decline of 15.3% compared to 2019.
