PORT OF LOS ANGELES EXCEEDS 900,000 CONTAINER UNITS FOR FOURTH CONSECUTIVE MONTH

LOS ANGELES - Nov. 20, 2024 - The Port of Los Angeles handled a record 905,026 Twenty-Foot Equivalent Units (TEUs) in October, a 25% increase over the previous year. It's the first time the Port has exceeded 900,000 TEUs for four consecutive months.

Ten months into 2024, the Port of Los Angeles has moved 8,491,420 TEUs, 19% ahead of its 2023 pace.

"These robust, sustained volumes will likely continue in the coming months with strong consumer spending, an early Lunar New Year, importer concerns about unresolved East Coast labor issues and the possibility of new tariffs next year that could drive up shipping costs," said Port of Los Angeles Executive Director Gene Seroka.

"I'm grateful to our dockworkers, truckers, terminal operators and others who handle these record levels of cargo every day. They have done it with speed, efficiency and without a single ship backed up at sea," Seroka said.

Mary E. Lovely, a Senior Fellow at the Peterson Institute of International Economics, joined Seroka at today's media briefing. Lovely discussed the potential impact of additional tariffs against products made in China and other countries that are expected to be implemented by President-elect Donald Trump.

October 2024 loaded imports landed at 462,740 TEUs, a 24% increase compared to the previous year. Loaded exports came in at 122,716 TEUs, a 1% increase compared to 2023. The Port processed 319,570 empty containers, a 38% jump compared to 2023.