Los Angeles maintains dominance in US despite container decline19/01/2024
In the last month of the previous year, the Port of Los Angeles demonstrated robust performance by processing 747,335 TEUs, marking a 2.5% increase compared to December 2022.
This positive trend extended for the fifth consecutive month, showcasing consistent year-over-year gains.
Although the total volumes handled by the Californian port for the entire year amounted to 8,634,497 TEUs, reflecting a decline of approximately 13% from the previous year, the Port of Los Angeles maintained its status as the United States’ busiest container port for the 24th consecutive year.
“In 2024, our sights are set on community investment, sustainability progress and capturing additional market share. To drive cargo, we’re investing in a 10-year, US$2 billion capital improvement program. We’ll also focus on secure technology enhancements to improve efficiency and reduce our carbon footprint. All that leads to additional jobs and the Port’s ability to re-invest more dollars back into our communities,” stated Gene Seroka, executive director at Port of Los Angeles.
In December 2023, loaded imports at the US port reached 369,477 TEUs, marking a 5% uptick from the previous year. Loaded exports for the same period were 121,575 TEUs, registering a substantial 26% increase compared to the figures observed in 2022. Additionally, the total empty boxes for December stood at 256,283 TEUs, indicating an 8.5% decrease from the previous year.
Source: Container News