PORT OF LOS ANGELES POSTS STRONG JUNE VOLUME; CARGO UP 14% AT MID-YEAR POINT
Footwear Executive Matt Priest Joins Media Briefing to Discuss Retailer Outlook on Holiday Season
LOS ANGELES – July 17, 2024 – The Port of Los Angeles processed a healthy 827,757 Twenty-Foot Equivalent Units (TEUs) in June, a 10% increase over the previous month and less than 1% compared to last June, which was the Port’s best month in 2023. Six months into 2024, the Port of Los Angeles is 14% ahead of the previous year.
“June was a great month at the Port of Los Angeles, capping off of a stellar first half of the year,” Port of Los Angeles Executive Director Gene Seroka said at a media briefing. “The last six months have been steady and consistent, both in terms of cargo volume and, equally important, the efficiency on and around our terminal operations.
“The U.S. economy continues to be the primary driver of our cargo volume and I expect to see that continue in the months ahead.” Seroka added. “We have ample capacity on our docks to efficiently handle more goods as retailers and e-commerce outlets begin to move fall fashion, Halloween and year-end holiday items through the supply chain.”
Matt Priest, the President and CEO of the Footwear Distributors and Retailers of America, which represents 95% of U.S. footwear sales, joined the Port’s media briefing. Priest discussed factors impacting the supply chain, and how retailers are gearing up for the holiday season.
June 2024 loaded imports landed at 428,753 TEUs, a 1.5% drop compared to the previous year. Loaded exports came in at 122,515 TEUs, an increase of 13% compared to last year. June marked the 13th consecutive month of year-over-year export gains in Los Angeles.
The Port processed 276,489 empty containers, a 4.5% decrease compared to 2023.
The Port processed 276,489 empty containers, a 4.5% decrease compared to 2023.
Overall, the Port has moved 4,731,491 TEUs the first six months of 2024, a 14% increase over the 2023 mark of 4,137,379 TEUs.
Current and historical cargo data, including fiscal year-end totals, are available here.