AmericasPorts and Logistics

LA becomes first port in the Western Hemisphere to handle 10m teu in a 12-month period

Los Angeles has become the first port in the Western Hemisphere to process 10m ten in a 12-month period. A pandemic-induced consumer buying surge that began last summer, along with restocking of retailer shelves and e-commerce warehouses across the country have fuelled the dramatic rise in imports.

Further American port handling records are likely to be broken all year. The National Retail Federation earlier this week boosted its outlook for the year, saying it anticipates “the fastest growth that we’ve seen in this country since 1984.”

Retail sales are expected to grow between 10.5% and 13.5% to an estimated total of $4.44trn to $4.56trn in 2021. That compares with $4.02trn in total retail sales in 2020 and $3.76trn in 2019.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button