Port of Los Angeles handles 688,000 TEUs in April
The Port of Los Angeles processed 688,110 TEUs in April, a 22% decrease compared to last April, which was the second busiest on record.
Loaded imports in April 2023 totalled 343,689 TEUs, a 25% decrease from the previous year. Loaded exports reached 88,202 TEUs, a 12% decrease from the previous year, while empty containers amounted to 256,220 TEUs, a 23% drop from 2022.
Port of Los Angeles freight climbed 28% in March 2023 compared to February 2023, while cargo increased 10% in April 2023 compared to March 2023.
The Port handled 2,525,204 TEUs in the first four months of 2023, a 29% decrease over the same period of 2022. Last year began with the finest four-month start in the port's history.
“A cooling global economy, warehouses laden with ageing inventory and prolonged West Coast labour negotiations have all contributed to a slowdown in trade,” stated Gene Seroka, executive director of Port of Los Angeles.
Seroka further added, “If economic conditions improve and we get a labour deal in place, that will help improve volume the second half of the year. We are prepared for the next cargo surge, whenever it comes.”
Source: Container News
Related News
24/05
2022
China’s zero-tolerance in the Covid-19 pandemic and the lockdown in Shanghai have affected the Port of Oakland in the United States, which has seen a 7% reduction in its box volumes in April, compared to the same month last year.
24/11
2023
Container carriers serving India-US trades seem to have regained some strength to attempt higher rate increases amid promising export trade indications.
18/10
2023
The composite Ningbo Containerized Freight Index (NCFI) quoted 622.2 points in Week 41, which improved 4.8% from the previous week and has remained on an upward trend for two back-to-back weeks.