Port of Los Angeles records 14 per cent cargo increase mid-year

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Port of Los Angeles records 14 per cent cargo increase mid-year

The Port of Los Angeles processed 827,757 TEU in June, a 10 per cent increase over the previous month and less than 1 per cent compared to last June.

Six months into 2024, the port is 14 per cent ahead of the previous year.  

Port of Los Angeles Executive Director, Gene Seroka, said: “June was a great month at the port, capping off of a stellar first half of the year. 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 US economy continues to be the primary driver of our cargo volume and I expect to see that continue in the months ahead. We have ample capacity on our docks to efficiently handle more goods as retailers and e-commerce outlets begin to move fall fashion, Halloween and year-end holiday items through the supply chain.” 

READ: Port of Los Angeles concludes $73 million rail expansion project

June 2024 loaded imports totalled 428,753 TEU, a 1.5 per cent decrease from the previous year. Loaded exports totalled 122,515 TEU, up 13 per cent from the previous year.

June was the 13th consecutive month of year-over-year (YoY) export growth in Los Angeles. The port processed 276,489 empty containers, a 4.5 per cent reduction from 2023.

Overall, the port transported 4.73 million TEU in the first six months of 2024, representing a 14 per cent rise over the 4.13 million TEU level set in 2023.

Recently, the California Governor’s Office of Business and Economic Development (GO-Biz) awarded a $8 million grant to upgrade the Port of Los Angeles’ Port Optimizer digital data portal.

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