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Trade News

June 22, 2018

Container volume dipped 3.4 percent at the Port of Los Angeles in May

The Port of Los Angeles announced that it processed 768,804 Twenty-Foot Equivalent Units (TEUs) in May, a dip of 3.4 percent compared to last May's record of 796,216 TEUs.

"Volumes have softened due to continued shuffling of alliance services in the San Pedro Bay," said Port of Los Angeles Executive Director Gene Seroka. "The Port remains focused on digitizing our value chain. Our aim is to introduce the GE Port Optimizer™ this summer with the support of our liner and terminal partners."

May 2018 imports dropped 1.8 percent to 405,587 TEUs compared to the previous year. Exports slipped less than 1 percent to 168,681 TEUs while empty containers fell 9 percent to 194,537 TEUs. Combined, May overall volumes were 768,804 TEUs.

Five months into 2018, overall volumes have decreased 4.4 percent compared to 2017, when the Port set an all-time cargo record.

Source: Port of Los Angeles