LOS ANGELES (CNS) - Los Angeles International Airport set an all-time record in March for trade by value moved in a single month, with global imports and exports worth a total of $13.65 billion moving through the airport, officials announced.
Total imports at the airport accounted for more than $8 billion in March, while exports were $5.57 billion, according to the airport, which added that international trade increased 22.23% in March compared to the same month in 2021.
``As the No. 3 airport in the U.S. for trade by value, LAX continues to play an important role in the global supply chain and serves as the nation's premier West Coast hub for air cargo operations," said Los Angeles World Airports CEO Justin Erbacci.
``As we modernize our cargo operations in the coming years, the future of air freight at LAX includes maximizing supply chain efficiency, leveraging new technologies and ensuring that our new facilities are sustainable and a model for the rest of the country."
LAX is also No. 8 in the U.S. for trade by value of all of the country's airports, seaports and border crossings.