Port of Los Angeles cargo volume increases in August
The Port of Los Angeles moved 828,016 Twenty-Foot Equivalent Units (TEUs) in August, a 3% increase compared to the same period last year. It was the Port’s first monthly year-over-year increase in 13 months.
“August was a very solid month with increases both on the import and export sides of our business,” Port of Los Angeles Executive Director Gene Seroka told journalists at a media briefing. “Overall, global trade has eased this year and we expect that trend to continue in the coming months. Operationally, Los Angeles stands ready with capacity we’re prepared to scale on demand.”
Seroka also noted that the recent ratification of the six-year contract between the International Longshore and Warehouse Union and the Pacific Maritime Association restores stability and confidence to customers as they make decisions on where to ship their cargo.
“With this contract in effect through 2028, you can continue to count on our longshore workers and terminal operators to keep cargo moving through the nation’s busiest port,” Seroka said. “When we are operating on all cylinders like we are right now, there’s no better choice for cargo than the Port of Los Angeles.”
August 2023 loaded imports landed at 433,224 TEUs, an increase of 7% compared to the previous year. Loaded exports came in at 124,988 TEUs, an increase of 22% compared to 2022. Empty containers totaled 269,804 TEUs, a 10% year-over-year decline. Combined, August volumes were 828,016TEUs, a 3% increase compared to last August.
Eight months into 2023, the Port has processed 5,649,686 TEUs, 21% less than the same period last year. August 2023 container counts may change subject to final verification.