Busiest January in history for the Port of L.A
The port handled 826,640 20-foot equivalent units (TEUs) in January. The month now is the second-busiest in the port’s 110-year history, only below November 2016’s record of 877,564 TEUs, port officials said in a news release.
Imports totaled 415,423 TEUs, an increase of 13.1 percent from the previous year, while exports rose 28.7 percent for a total of 162,420 TEUs. Officials said the surge is partially due to retail stores restocking their inventories after the holidays.
Cargo volumes reached a record high in 2016, with almost 8.9 million TEUs, making it the busiest year ever for a Western Hemisphere port.
“Coming off our best year ever in 2016, it’s very encouraging to keep the momentum going into 2017,” said Port of Los Angeles Executive Director Gene Seroka in a statement.
source: labusinessjournal.com
