The Port of Los Angeles moved more cargo in 2018 than any time in its 111-year history while marking the third consecutive year of record volumes, the port announced Wednesday.
“Los Angeles is open for business and engaged with the world — and now, we have another record year at the Port of Los Angeles to show for it,” Mayor Eric Garcetti said. “Our port helps make L.A. a global hub for commerce, and it continues to drive our economy forward by creating jobs and expanding opportunity across the city.”
The port processed a total of 9,458,749 twenty-foot equivalent units, a 1.2 percent increase over 2017’s record-breaking year.
Port of Los Angeles Executive Director Gene Seroka said 2018 “was marked by a robust economy coupled with tariff-induced surges of cargo headed to U.S. retail and manufacturing sectors. These extraordinary volumes highlight the need for continued stakeholder collaboration on methods to maximize supply chain efficiency. Through a number of initiatives, we are focused on both physical and digital infrastructure enhancements that continue to ensure the reliable, safe and efficient conveyance of cargo through our gateway.”
In December, the port processed 903,258 TEUs, the busiest December in its history and a 15.9 percent jump compared to the previous year.
>> Want to read more stories like this? Get our Free Daily Newsletters Here!Follow us: