PORT OF LA SAYS CARGO VOLUME UP 14% IN THE FIRST HALF

The Port of Los Angeles (Port of LA) processed 827,757 Twenty-Foot Equivalent Units (TEUs) in June, a 10% increase over the previous month and less than 1% compared to last June, which was the port's best month in 2023.

 

North America's busiest port said its volumes were up 14% in the first six months of 2024 compared to the same period last year.

 

"June was a great month at the Port of Los Angeles, capping off of a stellar first half of the year," said Gene Seroka, executive director at the Port of Los Angeles.

 

Seroka noted that the last six months have been "steady and consistent," both in terms of cargo volume and, equally important, the efficiency on and around our terminal operations

 

"The U.S. economy continues to be the primary driver of our cargo volume, and I expect to see that continue in the months ahead," Seroka said.

 

"We have ample capacity on our docks to handle more goods efficiently as retailers and e-commerce outlets begin to move fall fashion, Halloween and year-end holiday items through the supply chain."

 

June 2024 loaded imports landed at 428,753 TEUs, a 1.5% drop compared to the previous year.

 

Loaded exports came in at 122,515 TEUs, an increase of 13% compared to last year. June marked the 13th consecutive month of year-over-year export gains in Los Angeles.

 

Port of LA processed 276,489 empty containers, a 4.5% decrease compared to 2023.

 

Overall, the Port moved 4,731,491 TEUs in the first six months of 2024, a 14% increase from the 2023 mark of 4,137,379 TEUs.