The Port of Los Angeles (Port of LA) handled a record 905,026 Twenty-Foot Equivalent Units (TEUs) in October, a 25% increase over the previous year.
It's the first time the Port has exceeded 900,000 TEUs for four consecutive months.
Ten months into 2024, the Port of LA — North America's busiest cargo port — has moved 8,491,420 TEUs, 19% ahead of its 2023 pace.
[Source: Port of LA]
"These robust, sustained volumes will likely continue in the coming months with strong consumer spending, an early Lunar New Year, importer concerns about unresolved East Coast labour issues and the possibility of new tariffs next year that could drive up shipping costs," Gene Seroka, executive director at Port of LA said.
"I'm grateful to our dockworkers, truckers, terminal operators and others who handle these record levels of cargo every day. They have done it with speed, efficiency and without a single ship backed up at sea," he added.
October 2024 loaded imports landed at 462,740 TEUs, a 24% increase compared to the previous year.
Meanwhile, loaded exports came in at 122,716 TEUs, a 1% increase compared to 2023. The Port processed 319,570 empty containers, a 38% jump compared to 2023.