Franchise News

Port of Los Angeles Posts Cargo Growth in August, Strongest Performance Since 2006

Sep 14, 2015 08:16 AM EDT | By Jean-Claude Arnobit

Containerized cargo volumes at the Port of Los Angeles has increased by 3.8 percent in August 2015 compared to the same period last year, according to a press release issued by the Port of Los Angeles.

It is the strongest August performance of the Port since 2006.

The Port handled a total of 786,677 Twenty-Foot Equivalent Units in August of 2015, according to the press release.

The last time it was this high was in 2006 when 790,726 cargo units moved through the port complex.

Gene Seroka, executive director of the Port of Los Angeles, said in the press release that the numbers show that their "terminal operators longshore labor and supply chain partners are adjusting to the new industry dynamics of carrier alliances."

"Our San Pedro Bay supply chain optimization working groups, overseen by the Federal Maritime Commission, are providing valuable insights that contribute to our mission to improve cargo flow efficiency and velocity," he said.

The Daily Bulletin also reported that this is a sign that bigger ships and cargo owners have been returning to the nation's busiest seaport.

The Port of Los Angeles has been suffering from slightly declining numbers in the last two months.

The Daily Bulletin mentioned that the port saw sluggish numbers after shippers decided to divert their ships to different ports due to the congestion caused by the lack of available trailers used to tow containers.

The Port of Los Angeles saw a 2 percent and 2.5 percent drop in June and July, respectively.

The August TEUs is the fifth strongest month ever and it is helped by big ships deciding to use the Port of Los Angeles, according to the Daily Bulletin.

A total of 101 ships called at the Port of Los Angeles, bringing in 786,677 cargo units, compared to August 2014, which 136 ships called but bought in only 757,702 cargo units.

The more than 28,900 difference on 25 fewer ships show that bigger ships are coming to the Port of Los Angeles, according to the Daily Bulletin.

Official said that this is due to the cost-efficiency of the port's ability to accept large ships.

The Los Angeles Port also reported in the press release an increase in imports, from 383,551 cargo units in August 2014 to 407,804 cargo units in August 2015.

This represents a 6.3 percent increase.

Exports though declined 14 percent, from 168,248 cargo units in August 2014 to 143,936 cargo units in August 2015, according to the press release.

© 2024 Franchise Herald. All rights reserved.

Franchise News

Real Time Analytics