Port of Los Angeles’ throughput rises 30 per cent in Q1 2024

Port of Los Angeles' throughput rises 30 per cent in Q1 2024

The Port of Los Angeles recorded a container throughput of 743,417 TEU in March, a 19 per cent increase over the previous year.

It was the eighth consecutive month of year-over-year growth at the nation’s busiest port.

For the first quarter of 2024, local dockworkers moved 2,380,503 TEU across Los Angeles marine terminals, nearly 30 per cent more than 2023.

It was among the port’s best first quarter starts, behind only the pandemic import surge in 2021 and 2022.

Moreover, March loaded imports landed at 379,542 TEU, up 19 per cent compared to the previous year.

Loaded exports came in at 144,718 TEU, an increase of 47 per cent compared to last year. It was the port’s best export month since January 2020 and marked 10 consecutive months of year-over-year export gains.

The Port processed 219,158 empty containers, up 7 per cent over 2023.

READ: Port of Los Angeles throughput spikes 60 per cent

“Moving into April and the second quarter, I expect robust cargo flow to continue here,” said Port of Los Angeles Executive Director, Gene Seroka.

“A strong job market and continued consumer spending, along with our ability to handle additional volume, will help drive cargo to Los Angeles in the coming months.”

Earlier this year, the Port of Los Angeles announced that the newly built Wilmington Waterfront Promenade will have its grand opening on 3 February 2024.

More recently, the Port of Los Angeles and the California Department of Transportation (Caltrans) announced that they will begin construction on a $130 million transportation project.

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