Port of Los Angeles nears 8 million TEU mark

Port of Los Angeles' cargo volume increases by 19 per cent YTD in November

For the fourth month in a row, cargo volume at the Port of Los Angeles increased over the previous year, with 763,262 TEU processed in November, a 19 per cent increase over the previous year.

Loaded imports totalled 384,619 TEU in November 2023, a 25 per cent increase over the previous year.

Loaded exports totalled 111,755 TEU, representing a 24 per cent increase over 2022. The number of empty containers was 266,888 TEU, a 10 per cent rise over the previous year.

The port has processed 7.8 million TEU 11 months into 2023, 14 per cent less than the same period last year.

READ: Port of Los Angeles records first gains in 13 months

Port of Los Angeles Executive Director, Gene Seroka, said: “Our year-end growth reflects the strength of the US economy powered by the American consumer. Black Friday and Cyber Monday sales were strong, and the forecast for overall holiday sales is 3 to 4 per cent above last year, another high mark. 

“Thanks to the outstanding efforts of our dockworkers and other stakeholders, we’ve gained market share in recent months. We’ll continue those efforts into 2024 as we work toward maximising our operational efficiencies and decarbonising our port complex.”

In September, the Port of Los Angeles registered an increase in cargo volumes for the second consecutive month compared to 2022.

One month later, the port reported that cargo volume for the third consecutive month climbed compared to the previous year.

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