PORT OF LOS ANGELES ACHIEVED 688,000 TEU THROUGHPUT IN APRIL

The Port of Los Angeles operated a total of 688,110 TEUs in April 2023, down 22% from the same period in April of the previous year.

Port of Los Angeles

Containerized imports totaled 343,689 TEUs in April 2023, down 25% year-on-year. Exports by container reached 88,202 TEU, down 12% year-on-year, while empty container was 256,220 TEU, down 23% compared to 2022.

Port of Los Angeles freight traffic increased 28% in March 2023 compared to February 2023, while the increase was only 10% in April 2023 compared to March 2023.

The port handled 2,525,204 TEUs in the first four months of 2023, down 29% from the same period in 2022. Last year, the first four months of the year recorded the best results in the port's history.

“The cooling global economy, warehouses filled with second-hand inventory, and protracted labor negotiations on the West Coast all contributed to the slowdown,” said Gene Seroka, chief executive officer of Port of Los Angeles trade slows down.

Seroka added, “If economic conditions improve and we get a labor deal  that should help improve volumes in the second half of the year. We're getting ready for the next commodity rally, whenever it comes.”