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

MSC announces new PSS from Europe to Savannah
MSC announces new PSS from Europe to Savannah

MSC, the second-largest carrier in the world, will implement a new Peak Season Surcharge (PSS) from Northwestern (NWC) and ScanBaltic Europe to the port of Savannah in the United States.

Asian container lines announce new China to East India service
Asian container lines announce new China to East India service

A consortium of Asian box carriers will launch a new weekly direct service connecting ports in China, Vietnam, Singapore and India’s East Coast.

CMA CGM exceeds US$12 million in second quarter revenues
CMA CGM exceeds US$12 million in second quarter revenues

French ocean carrier CMA CGM reported revenue of US$12.3 billion and net income of US$1.3 billion in the second quarter of the year. These figures represent huge year-on-year decreases over the previous record year for the container lines when CMA CGM achieved US$19.5 billion in revenue and US$7.6 billion in profit.


main.add_cart_success