1/15/2021
Rail News: Intermodal
The Port of Los Angeles moved 9.2 million 20-foot equivalent units (TEUs) of cargo in 2020, down about 1.5% compared with 2019 levels, port officials announced yesterday.
A late-year surge of consumer spending helped boost volumes to near 2019 levels (about 9.7 million TEUs), making 2020 the fourth highest-volume year in the port’s history, port officials said in a press release.
The port’s third- and fourth-quarter 2020 cargo volumes rose 50% over the first half of the year, with the port handling 94% more traffic the week before Christmas than the same week in 2019, officials said.
“Our container business in 2020 was the most erratic we have ever seen, with volumes plunging nearly 19% in the first five months of the year, followed by an unprecedented second-half surge,” Port of Los Angeles Executive Director Gene Seroka said.
Last year, the port also advanced $473 million worth of capital projects, including eight terminal, rail and roadway improvements.
Contact Progressive Railroading editorial staff.
Recent Comments