Lunar New Year has February impact

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Carl Collen

BY CARL COLLEN

Lunar New Year has February impact

Port of Los Angeles sees February volumes fall as impact of Lunar New Year becomes apparent

Lunar New Year has February impact

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Coming on the heels of record volumes in January, Port of Los Angeles cargo traffic decreased in February compared with the same month of 2016.

According to the port, the timing of the Lunar New Year resulted in a "significant amount" of cargo being shipped in January rather than February.

February container volumes of 625,381 TEUs meant a decrease of 12.4 per cent compared to the record February 2016 volumes of 713,721 TEUs, which were 42 per cent higher than 2015.

Compared to the Port’s most recent five-year average of February container volumes, February 2017 volumes were up 7.2 per cent.

"While volumes eased compared to the record cargo we saw last February, I’m pleased that we’ve seen year-over-year growth to start 2017,” said Port of Los Angeles Executive Director Gene Seroka. “We are actively engaged on many fronts to grow cargo volumes – and jobs – in the San Pedro Bay.”

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