Port of Los Angeles processes more than 705,000 TEUs in February
The Port of Los Angeles moved 705,306 Twenty-Foot Equivalent Units (TEUs) in February. While it was the third busiest February at the Port, it represents a 2.7 percent decrease compared to last year’s record-setting February, the company said in its release.
The timing of the Lunar New Year, when production in some Asian countries slows, resulted in some cargo being shipped in January rather than February.
For the first two months of 2019, Port volumes have increased 1.6 percent compared to the same period last year.
February 2019 imports dropped 9.1 percent to 348,316 TEUs compared to the previous year. Exports decreased 9.5 percent to 142,554 TEUs. Empty containers increased 16.3 percent to 214,436 TEUs.
The Port of Los Angeles is America’s premier port and has a strong commitment to developing innovatively strategic and sustainable operations that benefit Southern California’s economy and quality of life. North America’s leading seaport by container volume and cargo value, the Port of Los Angeles facilitated $272 billion in trade during 2016. San Pedro Bay port complex operations and commerce facilitate one in nine jobs in the five-county Southern California region.