Volumes Rise at Port of Los Angeles

Port of Los Angeles Californian port of Los Angeles has recorded an increase of 7 percent in the capacity handled in November, a total of 709,968 twenty-foot equivalent units (TEUs), compared to the same period last year. “We’ve seen container volumes at and above 700,000 TEUs for the past six months, which demonstrates consistency and the strength of our supply chain partners,” said Port of Los Angeles Executive Director Gene Seroka. “With larger vessels coming into the transpacific trade this month, including the CMA CGM Benjamin Franklin, we can further show the gains we have made this year in terms of effectively moving greater volumes through our port.” The port has seen an improvement in its imports by 7.6 percent to 358,423 TEUs in November, compared to the previous year. Exports dropped by 5.7 percent to 142,020 TEUs in November. Factoring in empties, which increased 16.5 percent, overall November volumes of 709,968 increased 7 percent compared to November 2014. For the first 11 months of 2015, overall volumes of 7,534,181 TEUs are down 1.9 percent compared to the same period in 2014.