The Port of Los Angeles moved 691,475 Twenty-Foot Equivalent Units (TEUs) in June, a 9.6% decrease compared to last year’s record-setting June. Six months into 2020, overall cargo volumes have decreased 17.1% compared to 2019. Port Executive Director Gene Seroka announced the June volumes in a wide-ranging news briefing.
“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,” said Port of Los Angeles Executive Director Gene Seroka. “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.”
During the news conference, Seroka praised the Federal Maritime Commission and Federal Maritime Commissioner Rebecca Dye for suggestions to further improve cargo fluidity in the San Pedro Bay.
June loaded imports decreased 6.8% to 369,189 TEUs compared to the previous year. Loaded exports dropped 21.3% to 109,586 TEUs. Empty containers declined 7.2% to 212,701 TEUs. In total, June volumes totaled 691,475 TEUs.
The Port of Los Angeles remains open with all terminals operational during the COVID-19 pandemic. North America’s leading seaport by container volume and cargo value, the Port of Los Angeles facilitated $276 billion in trade during 2019. San Pedro Bay port complex operations and commerce facilitate one in nine jobs in the five-county Southern California region.