SIMIC

THE Port of Los Angeles' cargo volume increased 19 per cent year on year in November to 763,262 TEU while the adjacent Port of Long Beach was up 24 per cent to 731,033 TEU in the same period.

LA's laden imports totalled 384,619 TEU, up 25 per cent while Long Beach imports rose 37 per cent to 355,339 TEU.



LA laden exports rose 24 per cent to 111,755 TEU, while empties came in at 266,888 TEU, up 10 per cent over the previous November.



Said LA port executive director Gene Seroka: "Our year-end growth reflects the strength of the US economy powered by the American consumer. Black Friday and Cyber Monday sales were strong, and the forecast for overall holiday sales is three to four per cent above last year, another high mark."



Long Beach imports rose 37 per cent to 355,339 TEU while exports declined 13 per cent to 108,798 TEU. Empties were up 30.6 per cent to 266,896 TEU.



Said Long Beach port CEO Mario Cordero: "We are recapturing market share, online shopping is on the rise and retailers are keeping the shelves stocked to meet rising consumer demand for the holidays. We remain optimistic as cargo returns to this critical gateway."