The Port of Los Angeles, which operates on a fiscal year running from July 1 to June 30, reported container statistics for 1999. Container counts are measured in Twenty-Foot Equivalent Units, or TEUs, a standard measurement in the maritime industry.
Container Volume Trends
Throughout 1999, the Port of Los Angeles saw fluctuating container volumes. In January, total TEUs reached 269,137.80, representing a 12.87% increase compared to the prior year. February saw 263,778.40 TEUs, a 11.93% increase. March’s total was 275,689.25 TEUs, with a slight increase of 0.26% over the previous year.
Volumes continued to rise in subsequent months. April recorded 282,746.10 TEUs, a 3.19% increase. May saw a significant jump to 335,960.70 TEUs, representing an 11.77% increase. In June, the port handled 317,167.10 TEUs, a 11.42% increase.
The upward trend continued into the latter half of the year. July’s total was 330,245.00 TEUs, up 18.17%. August saw 348,059.95 TEUs, a 11.15% increase. September recorded 336,935.70 TEUs, with a 16.19% increase. October’s volume reached 387,165.45 TEUs, a substantial 24.38% increase. November saw 347,816.25 TEUs, up 16.31%, and December closed the year with 334,148.80 TEUs, a 20.63% increase.
For the entire calendar year 1999, the Port of Los Angeles processed 3,828,850.50 TEUs, a 13.34% increase. The total for the 1998/99 fiscal year was 3,514,388.05 TEUs, representing an 11.73% increase. The 1999/00 fiscal year saw 4,354,422.05 TEUs, a 23.90% increase.
Frequently Asked Questions
What is a TEU?
A TEU, or Twenty-Foot Equivalent Unit, is a standardized unit used to measure cargo containers of varying lengths in the maritime industry.
What is the Port of Los Angeles’ fiscal year?
The Port of Los Angeles’ fiscal year runs from July 1 through June 30.
Did container volume increase in 1999?
Yes, the Port of Los Angeles saw increases in container volume throughout 1999, with a 13.34% increase for the calendar year and a 23.90% increase for the 1999/00 fiscal year.
Given these trends, what factors might influence container volumes at the Port of Los Angeles in the coming months?
