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Rail News: Intermodal
Port of LA sets new monthly cargo record
The Port of Los Angeles processed 952,554 20-foot-equivalent units (TEUs) of cargo last month, marking a 27.2 percent increase over October 2017 and setting a port record for the amount of cargo handled in a single month.
October 2018 imports rose 26.7 percent to 485,824 TEUs compared with volume in the same month last year. Exports increased 20.5 percent to 173,824 TEUs, while empty containers climbed 25 percent to 292,906 TEUs, port officials said in a press release.
The port's previous record was set in November 2017, when 924,225 TEUs of cargo were processed.
"During October, two of our container terminals — APM Terminals and Fenix Marine Services, formerly Eagle Marine — processed record container volumes while West Basin Container Terminals and Everport Terminal Services handled the biggest ships to ever call at those facilities," said Port of LA Executive Director Gene Seroka.
Ten months into 2018, overall volumes have increased 1.1 percent to 7.7 million TEUs compared with the same period a year ago.
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