Port of Los Angeles Cargo Volumes Down 17% in First Half 2020
MSC Isabella at the Port ofLos Angeles Photo politeness Port of Los Angeles
More than 776,000 less twenty-foot matching freight containers crossed the anchors at the Port of Los Angeles in the very first fifty percent of 2020 contrasted to in 2014 because of mixed effects of the coronavirus pandemic and also the on-going Trade War with China.
The port’s exec supervisor Gene Seroka introduced the June and also very first fifty percent 2020 numbers in a varied mid-year upgrade.
In June, the Port of Los Angeles relocated 691,475 Twenty-Foot Equivalent Units (TEUs), a 9.6% decline contrasted to in 2014’s record-settingJune Six months right into 2020, total freight quantities have actually reduced 17.1%, or 776,750 TEU, contrasted to 2019.
June crammed imports reduced 6.8% to 369,189 TEUs contrasted to the previous year. Loaded exports went down 21.3% to 109,586 TEUs. Empty containers decreased 7.2% to 212,701 TEUs.
“Given the circumstances of an unresolved trade war and an ongoing pandemic, our June and mid-year cargo volumes are in line with our forecasting,” claimed Port of Los Angeles Executive Director Gene Seroka.
During Wednesday’s digital press conference, Seroka applauded the Federal Maritime Commission and also Federal Maritime Commissioner Rebecca Dye for tips to more enhance freight fluidness in the San Pedro Bay as the port aims to rebound.
“Our focus now is on enhancing the Port’s competitiveness with infrastructure, technology and operational efficiencies as we help get Americans back to work and drive economic recovery.”
The Port of Los Angeles stays open with all terminals functional throughout the COVID-19 pandemic.
The Port of Los Angeles is the United States’ leading port, helping with $276 billion in profession throughout 2019.
The Port of Long Beach, LA’s next-door neighbor at the San Pedro Bay port complicated, reported a comparable 11% decrease in freight quantities in June, having actually relocated 602,180 TEU. Overall, the Port of Long Beach relocated 3,433,035 TEUs in the very first fifty percent of 2020, down 6.9% from 1H 2019.
Check out Seroka’s mid-year testimonial listed below:
