THE port of Los Angeles has become the first gateway in the Western hemisphere to handle more than one million container units in a month - achieving the record in May.
The US west coast port announced earlier this month that its dockworkers and terminal operators will lift more than 10 million TEU during the fiscal year that ends on June 30, a record for the port, reports Los Angeles Business Journal.
The port's executive director Gene Seroka said in a statement: 'The historic level of cargo that we're managing reflects our commitment to reach new heights by working with our partners to further enhance our productivity, throughput and velocity.
'Much credit goes to our longshore workforce, truckers, terminal operators, ocean carriers, railroads and other stakeholders for scaling up to meet this extraordinary demand.'
Neighbouring Port of Long Beach was close behind, moving 907,216 TEU in May, setting a monthly record for the 110-year-old port.
'We are seeing a demand for more goods as the country continues to open up and people return to work,' Port of Long Beach executive director Mario Cordero said in a statement. 'Even as we continue to set records during this unprecedented moment in our industry, this is still a fragile moment for the economy, and we remain optimistic about our country's continued recovery.'
Loaded imports at the Port of Los Angeles last month reached 535,714 TEU, up 75 per cent compared to the previous year, and a 25 per cent uptick compared to the more stable May 2019.
Loaded exports increased 5.3 per cent to 109,886 TEU compared to May 2020 but were down 34 per cent from May 2019. Empty containers climbed to 366,448 TEU, a jump of 114 per cent compared to last year due to the heavy demand in Asia.
Imports at the Port of Long Beach jumped 42.3 per cent to 444,736 TEU year over year and up 53 per cent compared to May 2019. Exports added up to 135,345 TEU, about the same as in May 2020, but rose 12 per cent when compared to the same month in 2019. The volume of empty containers surged 80.7 per cent to 327,135 TEU and doubled when compared to May 2019.
While the local ports grapple with cargo volume records, the National Retail Federation posted a revised annual retail sales forecast for 2021 and now predicts sales will grow between 10.5 per cent and 13.5 per cent to more than US$4.44 trillion as the economic recovery accelerates.
NRF president and chief executive Matthew Shay wrote a letter to the Biden administration on June 14 asking for a meeting to discuss congestion at US ports that 'have not only added days and weeks to our supply chains but have led to inventory shortages impacting our ability to serve our customers.'
SeaNews Turkey
The US west coast port announced earlier this month that its dockworkers and terminal operators will lift more than 10 million TEU during the fiscal year that ends on June 30, a record for the port, reports Los Angeles Business Journal.
The port's executive director Gene Seroka said in a statement: 'The historic level of cargo that we're managing reflects our commitment to reach new heights by working with our partners to further enhance our productivity, throughput and velocity.
'Much credit goes to our longshore workforce, truckers, terminal operators, ocean carriers, railroads and other stakeholders for scaling up to meet this extraordinary demand.'
Neighbouring Port of Long Beach was close behind, moving 907,216 TEU in May, setting a monthly record for the 110-year-old port.
'We are seeing a demand for more goods as the country continues to open up and people return to work,' Port of Long Beach executive director Mario Cordero said in a statement. 'Even as we continue to set records during this unprecedented moment in our industry, this is still a fragile moment for the economy, and we remain optimistic about our country's continued recovery.'
Loaded imports at the Port of Los Angeles last month reached 535,714 TEU, up 75 per cent compared to the previous year, and a 25 per cent uptick compared to the more stable May 2019.
Loaded exports increased 5.3 per cent to 109,886 TEU compared to May 2020 but were down 34 per cent from May 2019. Empty containers climbed to 366,448 TEU, a jump of 114 per cent compared to last year due to the heavy demand in Asia.
Imports at the Port of Long Beach jumped 42.3 per cent to 444,736 TEU year over year and up 53 per cent compared to May 2019. Exports added up to 135,345 TEU, about the same as in May 2020, but rose 12 per cent when compared to the same month in 2019. The volume of empty containers surged 80.7 per cent to 327,135 TEU and doubled when compared to May 2019.
While the local ports grapple with cargo volume records, the National Retail Federation posted a revised annual retail sales forecast for 2021 and now predicts sales will grow between 10.5 per cent and 13.5 per cent to more than US$4.44 trillion as the economic recovery accelerates.
NRF president and chief executive Matthew Shay wrote a letter to the Biden administration on June 14 asking for a meeting to discuss congestion at US ports that 'have not only added days and weeks to our supply chains but have led to inventory shortages impacting our ability to serve our customers.'
SeaNews Turkey