The Port of Los Angeles processed 852,449 Twenty-Foot Equivalent Units (TEUs) in January, the busiest January in the port’s 112-year history. The volumes represent a 5.4 percent jump over last January and marks the seventh consecutive month the Port has handled more than 800,000 TEUs. “These robust volumes reflect the pre-Lunar New Year surge of cargo, continued tariff-related inventory advances and strong consumer demand,” said Port of Los Angeles Executive Director Gene Seroka. “With warehouses and distribution centers already full with spring goods and supplies, we will see softer volumes immediately after the Lunar New Year as anticipated.” January 2019 imports increased 1.7 percent to 429,923 TEUs compared to the previous year. Exports decreased 3.4 percent to 144,993 TEUs while empty containers increased 17.7 percent to 277,534 TEUs. Combined, January overall volumes were 852,449 TEUs, a 5.4 percent increase compared to last year.
The Port of Los Angeles has reported the busiest January ever, processing 852,449 twenty-foot equivalent units (TEU), a 5.4% rise over the year before. During the month, Imports increased by 1.7% YoY, while exports fell by 3.4%. Exports are down in every month since December 2015, and have been declining for three straight months.