Port of Los Angeles moves 728,918 TEUs in November 2019
The Port of Los Angeles moved 728,918 Twenty-Foot Equivalent Units (TEUs) in November, a 12.4% decrease compared to last year, the company said in its release. After 11 months of 2019, total volumes have increased .4% compared to 2018, which was the busiest year on record.
“As we expected, 2019 winds down with volumes weakening, due largely to the U.S.-China trade war which continues to negatively impact American consumers, manufacturers and U.S. supply chain jobs,” said Port of Los Angeles Executive Director Gene Seroka. “Although we anticipate tariffs will linger well into 2020, we will continue to aggressively invest in our physical and digital infrastructure through this economic cycle.”
November imports decreased 12.2% to 371,350 TEUs compared to the previous year. Exports declined 9.2% to 138,545 TEUs, the 13th consecutive monthly decline of exports. Empty containers also declined 14.8% to 219,024 TEUs. Combined, November volumes were 728,918 TEUs.
The Port of Los Angeles is America’s premier port and has a strong commitment to developing innovative, 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 $297 billion in trade during 2018. San Pedro Bay port complex operations and commerce facilitate one in nine jobs in the five-county Southern California region.