For the second consecutive month, Port of Los Angeles cargo volume increased compared to 2022. The Port handled 748,440 Twenty-Foot Equivalent Units (TEUs) in September, a 5.4% improvement compared to the same period last year, reports port of los Angeles.
“September was another good month, with imports up 14% and exports jumping 55%,” said Port of Los Angeles Executive Director Gene Seroka. “With a long-term dock worker contract in place, we’re seeing more cargo shifting back to Los Angeles,” Seroka added.
Retail trends
Matthew Shay, President and CEO of the National Retail Federation, outlined retail trends for the upcoming holiday season during Monday’s media briefing.
“Retailers have been hard at work getting holiday inventories in place to provide consumers with great products, competitive prices and convenience at every opportunity,” Shay said.
In Los Angeles, September 2023 loaded imports landed at 392,608 TEUs, an increase of 14% compared to the previous year. Loaded exports came in at 120,635 TEUs, an increase of 55% compared to 2022. It was the fourth consecutive month of year-over-year monthly export gains.
Empty containers totaled 235,197 TEUs, an 18.5% decline compared to last year. Combined, September volumes were 748,440 TEUs, a 5.4% increase compared to last September.
Nine months into 2023, the Port has processed 6,398,126 TEUs, 18.6% less than the same period last year.
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Source : Port of los Angeles
