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Taiwan’s STARLUX Airlines deploys IBS’ iCargo for entire cargo business

The Port of Los Angeles on Tuesday, Sept. 14, reported that August saw its strongest monthly cargo volumes of all time, echoing similarly encouraging stats the Long Beach port released the week before.

The Port of Los Angeles saw 961,833 twenty-foot equivalent units in August. (TEUs are a universal standard for cargo measurement, though most containers today are 40 feet.)

The 12% increase was driven by imports

 

The 12% increase was driven by imports, which eclipsed 500,000 for the first time. It was the first time since August 2019 the port had a monthly cargo increase compared to the corresponding time in the previous year.

 

While August’s volumes were the strongest monthly showing in the port’s nearly 100-year history, they came amid an environment that has seen overall cargo, year to date, decrease by 11.7% when compared to 2019.

Still, the news was welcome as all eyes turn toward the upcoming holiday season and how the U.S. economy will fare after months of lockdowns, layoffs and restrained spending.

The twin ports typically see their largest cargo numbers from August

The twin ports typically see their largest cargo numbers from August through October as retailers prepare for holiday shoppers. This year, the surge in August shipments also reflected the move to replenish store products that have dwindled, with the pandemic keeping people at home and spending less than they normally do.

Folks are looking at more at-home activities

Jonathan Gold, vice president of the National Retail Federation said consumer confidence and an increase already in holiday sales are being seen.

“Halloween is going to look very different this year,” he said, “but consumers are still finding ways to celebrate; folks are looking at more at-home activities.”

The biggest question going forward, Gold said, remains the pandemic.

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