August Cargo Volumes Mark Port of LA’s 1st YOY Rise in 13 Months

Image: Port of Los Angeles.

The Port of Los Angeles handled 828,016 TEUs in August, 3% more than the same month in 2022, the first year-over-year increase in a month in 13 months, according to data released by the port Sept. 14.

August loaded imports was up 7% from the previous year with 433,224 TEUs, while loaded exports saw a 22% jump from 2022 with 124,988 TEUs. Meanwhile, empties fell 10% year over year to 269,804 TEUs.

Los Angeles has moved 5,649,686 TEUs in the first eight months of 2023, 21% less than the same time span in 2022, data show.

“August was a very solid month with increases both on the import and export sides of our business,” Port of L.A. Executive Director Gene Seroka remarked. “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.”

A newly ratified six-year West Coast labor agreement between the International Longshore and Warehouse Union and the Pacific Maritime Association brings back customer confidence and stability, Seroka said.

“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.”

By Karen Robes Meeks