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Port of Los Angeles Finishes Fiscal Year at 10.9 Million TEUs, a New Western Hemisphere Record
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The Port of Los Angeles has closed its fiscal year with record volumes of 10,879,383 TEUs, setting a new Western Hemisphere record as the economy rebounded from COVID-19 shut-downs.
The nation’s busiest port finished it fiscal year in June moving 876,430 Twenty-Foot Equivalent Units (TEUs) for its busiest June ever. Over the past 12 months, the Port of Los Angeles surpassed eight monthly records, had its two highest-performing quarters, and had its top four individual months in the port’s history.
“Key economic indicators all suggest that U.S. consumer spending will remain strong through the remainder of 2021,” said Port of Los Angeles Executive Director Gene Seroka. “Even as Americans return to airline travel, vacations and in-person events, retail sales and e-commerce remain robust.