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Port of LA box volume falls 6.45pc in April, but down 15.5pc so far this year
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Posttime:2020-05-11
CONTAINER volume increased in the Port of Los Angeles during the month of April, but volume is down significantly year over year as the port and shipping lines operating from the port continue to feel the impact of the coronavirus pandemic.
Volume is down 15.5 per cent so far this year, port officials said, according to media reports.
In a news briefing, port executive director Gene Seroka announced that the Port of Los Angeles moved about 688, 999 TEU in April 2020, representing a 53 per cent increase over March 2020, but is a decrease of 6.45 per cent compared to same month last year.
April loaded imports rose 2.6 per cent to 370,111 TEU compared to year-ago levels. Loaded exports fell 16.2 per cent to 130,321 TEU, and empty containers declined 14.4 per cent to 188,567 TEU.
"Given the unique circumstances of a trade war and pandemic, April volumes are better than expected," said Mr Seroka.
"As we move deeper into the remainder of the second quarter, we're forecasting significantly lower volumes, particularly on the import side. There are at least 28 voided vessel sailings. Retailer orders are soft as consumer purchasing and confidence has dropped precipitously."
The Port of Los Angeles has remained open with all terminals operational during the Covid-19 pandemic.
source:Schednet
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