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© Reuters.File photo: During the coronavirus disease (COVID-19) pandemic, containers were unloaded from a ship at the container terminal of the Port of Long Beach-Los Angeles complex in Los Angeles, California, U.S. April 7, 2021. Reuters/Lucini Coles
Los Angeles (Reuters)-The Port of Los Angeles set a new transaction volume record in June as American companies race to replenish and build inventory for back-to-school, Christmas and other holiday shopping seasons.
According to the Port Authority, the total throughput of the Port of Los Angeles in June reached 876,430 20-foot standard units (TEU), a year-on-year increase of 27%. Loading imports accounted for more than half of 467,763 TEU.
The port shipped 312,600 TEU empty containers to factories in China and elsewhere. This far exceeds the loading export of 96,067 TEU.
Inbound cargo from the Port of Los Angeles has been booming for several months, as American companies are racing to replenish inventory depleted by the needs of home consumers, who spend extravagantly on electrical appliances, home fitness equipment, and other commodities.
Reduced demand driven by the pandemic has made it more difficult for trucks and trains to move goods quickly away from the busiest gateway to the US and China.
From a ship trapped in the Suez Canal to the temporary closure of China’s busy Yantian Port, shipping interruptions have exacerbated delays and caused soaring costs.
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