Steep fall in exports and imports affect traffic at Port of Los Angeles
The Port of Los Angeles has reported s decline in shipments in September, due to a steep fall in exports and imports.
The Port handled 730,306 twenty-foot equivalent units (TEUs), a decrease of 5.8% compared to 775,132.70TEUs handled during the same period in 2014.
Port of Los Angeles director Gene Seroka said: "While we fell short of last September's exceptional volume of 775,000TEUs, I'm encouraged by the productivity our terminals and supply chain partners have demonstrated over the past six months."
"We are experiencing a consistent pattern of larger ships and more efficient cargo conveyance at volumes that are market leading."
The decline was prompted by a 9.36% fall in imports to 372,991.50TEUs compared to 411,506.95TEUs in the previous year.
Exports totalled 124,286TEUs, 17.5% lower than 150,678.50TEUs same period last year.
Overall volumes handled by the port for the first nine months of 2015 dropped from 6,302,469.70TEUs to 6,119,623.65TEUs, a decline of about 2.9%.
The US ports have been witnessing reduced shipments in the recent months owing to the trade deficit that swelled by 15.6 % to $48.3bn in five months.
Image: A boat in the Port of Los Angeles. Photo: courtesy of www.portoflosangeles.org