Port Of Los Angeles Sets New June Cargo Record

The Port of Los Angeles moved 876,611 Twenty-Foot Equivalent Units (TEUs) in June, edging out last year as the best June in the Port’s 115-year history. At the mid-point of 2022, the Port has handled more than 5.4 million TEUs, matching last year’s record-setting pace.

“Halfway through the year, we’ve been able to reduce the number of vessels waiting to berth by 75%, allowing dock workers to efficiently process more vessels,” said Port of Los Angeles Executive Director Gene Seroka. “We’re already beginning to handle back-to-school, fall fashion, and year-end holiday goods. Despite inflation and higher-than-usual inventory, we expect cargo volume to remain robust in the second half of the year.”

Seroka announced the June numbers at a media briefing, where he was joined by Retired Gen. Stephen R. Lyons, the recently appointed Port and Supply Chain Envoy to the Biden-Harris Administration Supply Chain Disruptions Task Force. Lyons discussed supply chain challenges nationwide and what is being done to improve the movement of goods and help lower costs for American families.

Watch briefing here

June 2022 loaded imports reached 444,680 TEUs compared to the previous year, a decrease of 5% but 12% higher than the previous five-year June average.

Loaded exports came in at 93,890 TEUs, a 2.3% decrease compared to the same period last year. American exports out of the Port of Los Angeles have declined 39 of the past 44 months.

Empty containers reached 338,041 TEUs, an increase of 8.1% compared to last year.

Current and historical cargo data, including fiscal year-end totals, are available here.

The busiest seaport in the Western Hemisphere, the Port of Los Angeles is North America’s leading trade gateway and has ranked as the number one container port in the United States for 22 consecutive years. In 2021, the Port facilitated $294 billion in trade and handled a total of 10.7 million container units, the busiest calendar year in the Port’s 115-year history. San Pedro Bay port complex operations and commerce facilitate one in nine jobs across the Southern California counties of Los Angeles, Orange, Riverside, San Bernardino, and Ventura.

Reference: The Port Of Los Angeles

Port Of Los Angeles Sets New June Cargo Record appeared first on Marine Insight – The Maritime Industry Guide

Source: Maritime Shipping News