January 2018 was a great month for the Port Of Los Angeles as their recorded their second busiest January since records began. 808,728 Twenty-Foot Equivalent Units (TEUs) were handled by the port last month just a few thousand behind the highest figure set in January 2017. Although a slight decrease from last year the total is still well above the average for the first month of the year which is 683,003 TEUs.
Executive Director for the Port of Los Angeles, Gene Seroka said, “After two consecutive years of record-breaking cargo, it’s encouraging to start 2018 with robust volumes. It’s only the seventh time we have eclipsed the 800,000 TEU mark in a single month, and we’re grateful to our supply chain partners for their continued confidence in our world-class infrastructure, innovative technology solutions and extraordinary customer service.”
The increase shown in the January months is due in part to cargo ships operating before the lunar new year begins in Asia when the transport of goods slows down significantly and in part to the retail sectors as they replenish their stock after the holiday season.
Imports in January 2018 rose 1.8% to 422,831 TEUs over the previous year, however, exports decreased to 150,035 TEUs a reduction of 7.6%. Empty containers were also was down on the previous year as they decreased by 5.2% to 235,561 TEUs. Total volumes were down 2.2% on January 2017.