April Volumes increase over march but lag compared to previous year

April Volumes Increase over March but lag Compared to Previous Year

May 6,2020–PortofLosAngeles.org

The Port of Los Angeles moved 688,999 Twenty-Foot Equivalent Units (TEUs) in April. While that figure was 53% more than March volumes, it represents a decrease of 6.45% compared to last April, which is the standard comparison. Port Executive Director Gene Seroka announced the April volumes in a wide-ranging news briefing today.“Given the unique circumstances of a trade war and pandemic, April volumes are better than expected,” said Seroka. “As we move deeper into the remainder of the second quarter, we’re forecasting significantly lower volumes, particularly on the import side. There are at least 28 voided vessel sailings. Retailer orders are soft as consumer purchasing and confidence has dropped precipitously.”

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