Port of Los Angeles throughput spikes 60 per cent

Port of Los Angeles February throughput spikes 60 per cent

The Port of Los Angeles has processed 781,434 TEU in February, a 60 per cent increase over the previous year.

It was the seventh consecutive month of year-over-year (YoY) growth at the nation’s busiest port.

February 2024 loaded imports landed at 408,764 TEU, up 64 per cent compared to the previous year.

Loaded exports came in at 132,755 TEU, an increase of 61 per cent compared to last year. The port processed 239,916 empty containers, up 54 per cent over 2023.

Two months into 2024, the Port of Los Angeles has handled a total of 1.63 million TEU, a 35 per cent increase over 2023.

READ: Port of Los Angeles appoints new Chief Harbor Engineer

“Market confidence in our gateway is as strong as it’s ever been,” said Port of Los Angeles Executive Director Gene Seroka at a media briefing.

“We’ve got the world’s best longshore workforce eager to work with a long-term contract in place. And our current operational data indicates that cargo is flowing efficiently, with additional capacity available. With American consumers still spending and economic indicators positive, the port is well-positioned as we move into the second quarter.”

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

More recently last week, the Port of Los Angeles and the California Department of Transportation (Caltrans) announced it will begin construction this March on a $130 million transportation project.

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