New Container Volume Record Set By the Port of Los Angeles in 2005
Posted on: Thursday, 19 January 2006, 21:00 CST
For the fourth year in a row, the Port of Los Angeles set a nationwide container volume record by handling nearly 7.5 million TEUs (twenty-foot equivalent units) in 2005. This represents a 2.23% increase over 2004.
Representing the first half of the Port's 2006-2007 fiscal year, container volumes during the past six months show an increase of 5.69%. With stable labor relations, extended terminal operating hours and no ship congestion, the Port anticipates growth in container volume to continue in 2006.
The Port of Los Angeles is America's premier port. As the leading container port in the nation and a critical hub in the international supply chain, the Port generates thousands of stable jobs and billions of dollars in annual wages and tax revenues. The Port of Los Angeles also places a high priority on responsible growth initiatives combined with high security, environmental stewardship and community outreach. The Port of Los Angeles is a proprietary, self-supported department of the City of Los Angeles. The Port of Los Angeles - A cleaner port. A brighter future.
Source: Business Wire
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