Port of Los Angeles Sees Surge in Container Traffic in 1999

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The Port of Los Angeles reported strong growth in container traffic throughout 1999, with a 13.34% increase in total Twenty-Foot Equivalent Units (TEUs) for the calendar year and a 23.90% increase for the 1999/2000 fiscal year. The port saw consistent month-over-month increases, with particularly substantial jumps in the latter half of the year, suggesting a strengthening economy and increased consumer demand.

Why it matters

The Port of Los Angeles is a critical hub for international trade and a barometer of economic activity. The surge in container volumes indicates growing trade flows and consumer spending, which has implications for the regional and national economy.

The details

The Port of Los Angeles, which operates on a fiscal year running from July 1 to June 30, reported that container volumes increased throughout 1999. In January, total TEUs reached 269,137.80, representing a 12.87% increase compared to the prior year. Volumes continued to rise in subsequent months, with significant jumps in May (11.77% increase), July (18.17% increase), October (24.38% increase), and December (20.63% increase).

• The Port of Los Angeles' fiscal year runs from July 1 through June 30.
• In 1999, the port processed 3,828,850.50 TEUs, a 13.34% increase over the previous calendar year.
• For the 1998/99 fiscal year, the port handled 3,514,388.05 TEUs, a 11.73% increase.
• The 1999/00 fiscal year saw 4,354,422.05 TEUs, a 23.90% increase.

What’s next

The continued growth in container volumes at the Port of Los Angeles suggests the potential for further economic expansion in the coming months, which could lead to increased investment and job creation in the region.