SAN PEDRO, Calif.—The Port of Los Angeles processed 827,757 twenty-foot equivalent units in June, showing a 10 percent increase from the previous month but a slight decrease compared to the same period last year, as announced on July 17.
Halfway through 2024, the Port of Los Angeles also revealed a 14 percent rise in cargo volume compared to 2023. Loaded imports for June reached 428,753 twenty-foot equivalent units (TEU), marking a 1.5 percent decline from June 2023. Loaded exports totaled 122,515 TEUs, reflecting a roughly 13 percent increase year-over-year.
Gene Seroka, Executive Director of the Port of Los Angeles, shared at the media briefing on July 17, “June was a fantastic month at the Port of Los Angeles, wrapping up a strong first half of the year. The past six months have shown steady growth both in cargo volume and operational efficiency in and around our terminals.”
Overall, the port handled over 4.7 million TEUs in the first half of 2024, a 14 percent jump from the 4.1 million TEUs processed in the same period in 2023.
Mr. Seroka added, “The U.S. economy remains a key factor driving our cargo volume, and we anticipate this trend to continue in the coming months. With ample capacity at our docks, we are well-equipped to efficiently manage increased goods flow as retailers and e-commerce platforms ramp up shipments of fall fashion, Halloween, and holiday items through the supply chain.”
Matt Priest, President and CEO of the Footwear Distributors and Retailers of America, representing 95 percent of U.S. footwear sales, joined Mr. Seroka for the port’s media briefing. Mr. Priest discussed supply chain influences and retailers’ preparations for the holiday season.
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“Currently, we are observing an acceleration in the movement of goods to expedite product delivery ahead of the holiday season for various reasons,” Mr. Priest explained. “This shift is driven by economic policies, and we are enthusiastic about meeting consumer demands this year.”
