The Port of Los Angeles in the United States has reported that the month of July, 2020, has been the best month in they have done business despite the ravaging COVID-19 pandemic, it was the busiest month for them so far this year as retailers restock inventories ahead of the holiday season.
The Port Said its 856,389 TEUs in July, superseded every other month, only trailing last year’s record-setting July by 6.1%.
“Fewer canceled sailings and 11 additional ‘ad hoc’ or unscheduled ship calls helped drive both imports and exports higher than recent months but still short of last July’s all-time record,” said Port of Los Angeles Executive Director, Gene Seroka.
“Preliminary data for August indicates solid volumes as retailers continue restocking inventories and preparing for the year-end holiday season.”
July loaded imports decreased by 4.3% to 456,029 TEUs compared to the previous year while loaded exports dropped 21.7% to 126,354 TEUs, just as empty containers declined by 0.1% to 274,007 TEUs.
Seven months into 2020, overall volumes are 4,618,278, a decline of 15.3% compared to 2019.
The Port of Long Beach, Los Angeles’ neighbor at the San Pedro Bay Port Complex, also reported its best month ever in July.