May LA Port Shipping Reaches 19-Month High

The Port of Los Angeles recently released new data for container statistics, which show that shipping volume at the L.A. port reached a  19-month high of 689,421 TEUs (twenty-foot equivalent units) in May, a 20% increase over last May's volume of 574,827 TEUs (see chart above).  Comments from the Port of Los Angeles for May include:

•Strengthening of the overall trade environment

•Vessel services were upsized to handle the surge of volume

•Vessels are coming in at capacity

•Large amount of empty returns to Asia to support the increase of import volumes and replenish the shortage of equipment in Asia

Thanks to Erik Babosci