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Rail News Home Rail Industry Trends

1/14/2011



Rail News: Rail Industry Trends

L.A. port pumped up volume, broke export record in 2010


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In 2010, the Port of Los Angeles’ volume surged 16 percent year over year to 7.8 million 20-foot equivalent units (TEUs) — enough for the facility to retain its title as the nation’s busiest trade gateway.

Exports rose 10.3 percent to 1.84 million TEUs, surpassing the previous record of 1.78 million TEUs set in 2008. Imports increased 12.8 percent to just slightly less than 4 million TEUs.

“The 2010 volume gains far surpassed our initial estimates,” said L.A. Port Executive Director Geraldine Knatz in a prepared statement. “We want to continue [our export] momentum and work with local business entities to advance the President’s National Export Initiative agenda.”

In December, the port’s volume reached 612,651 TEUs, up 8.8 percent compared with December 2009’s total. Loaded container exports climbed 5.6 percent to 299,304 TEUs.


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