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Key Resin Port in the West Cost Maintains Record Activity in July

The West Coast maintained its record pace of activity for cargo tonnage and containers in July as the Port of Los Angeles, a vital port for resin imports and exports, has worked down its backlog of ships.

Data released from the Port of Los Angeles this week showed an estimated 935,345 Twenty-Foot Equivalent Units (TEUs) were processed in July, outpacing the previous record set in 2019 by 2.5%.

July 2022 loaded imports reached an estimated 485,472 TEUs compared to the previous year, up 3.4% and 8% higher than the previous five-year June average.

Loaded exports reached an estimated 103,497 TEUs, a 13% increase compared to the same period last year. Empty containers reached an estimated 346,376 TEUs, an increase of 5% compared to the previous year.

"Remarkably, we continue to move record amounts of cargo while working down the backlog of ships almost 90%," said Port of Los Angeles Executive Director Gene Seroka. "Even with the current rail challenges, our marine terminals are more fluid than last year."

Seroka also noted that the Southern California supply chain landscape has improved, noting ships are now waiting for space at many other ports around the country.

"Our terminals have capacity," Seroka added. "For cargo owners looking to re-chart their course, come to Los Angeles. We're ready to help."

Seven months into 2022, the Port of Los Angeles has moved an estimated 6,349,248 TEUs, on pace with the record set last year. The Port has set monthly records in five of seven months in 2022.

By The Plastics Exchange.

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