The Port of Los Angeles announced Tuesday that it processed 723,141 twenty-foot equivalent units last month, a drop of 1.1 percent from the previous June, and closed out the 2017-18 fiscal year with a slight .39 percent drop compared to last fiscal year’s record levels.
It is the second fiscal year period the port has surpassed the 9.1 million TEU mark. In fiscal year 2017, the port moved 9.2 million TEUs.
“We closed our fiscal year on June 30 with 9,169,779 million TEUs,” Port of Los Angeles Executive Director Gene Seroka said. “The consistently high container throughput over the past 24 months speaks to our unmatched capabilities, and we are grateful to our terminals, labor force and supply chain partners for their efforts that made this milestone possible.
“Looking forward, a continued shuffling of alliance services in the San Pedro Bay, coupled with potential impacts from recently imposed tariffs, provide a level of uncertainty and potentially softened trade flows through our port during the second half of 2018,” Seroka said.
June 2018 imports increased 2.9 percent to 382,964 TEUs compared to the previous year. Exports increased 1.4 percent to 147,563 TEUs, while empty containers fell 9.7 percent to 192,613 TEUs for a combined June overall volume of 723,141 TEUs.
So far in the 2018 calendar year, overall volumes have decreased 3.9 percent compared to the same period in 2017.