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