The Port of Los Angeles recently released their results for January 2017 and having handled 826,640 TEUs, an increase of 17.4 percent compared to January 2016, it was their busiest January in the port’s 110-year history.. It was also the second-best month overall for the Port, eclipsed only by last November’s 877,564 TEUs.
“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. “The Port remains diligent, along with our partners, in making the San Pedro Bay supply chain even more efficient through world-class infrastructure, innovative technology solutions and strategic use of resources.”
The port says the January surge is due in part to retail stores replenishing inventories after the holidays, a trend of increased U.S. exports and cargo ships calling ahead of the Lunar New Year, when goods from Asia slow down considerably. Over the most recent 10-year period, January volumes at the Port of Los Angeles have averaged 645,142 TEUs.
Specific results include January 2017 imports increasing 13.1 percent to 415,423 TEUs compared to the previous year. Exports surged 28.7 percent to 162,420 TEUs in January. Total loaded imports of 577,843 TEUs increased 17.1 percent compared to the previous year. Empty containers increased by 17.9 percent to 248,797 TEUs. The total combined overall January volumes were 826,640 TEUs, a 17.4 percent increase compared to last year.