October Container Volumes Slide in Los Angeles

By Finance

The Port of Los Angeles has seen 1.5 percent less containers in October 2015, totaling in 704,588 TEUs, compared to the same period last year.

“This October’s volumes were slightly less than last October,” said Port of Los Angeles Executive Director Gene Seroka.

October Container Volumes Slide in Los Angeles

Image: portoflosangeles.org

“However, the past few months of volumes around and above the 700,000 TEU range show that our terminals, labor and supply chain partners are adjusting to the cargo surges and other fluctuations that come with the larger vessels that are now calling in L.A. – and that’s a good sign.”

Imports decreased 3.3 percent to 358,601 TEUs in October 2015 compared October 2014. Exports dropped 14.7 percent to 134,963 TEUs, and empties increased by 13.1 percent.

For the first 10 months of 2015, overall volumes (6,824,212 TEUs) are down 2.7 percent compared to the same period in 2014.

Source: worldmaritimenews.com