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THE Port of Los Angeles reported its ninth consecutive month of year-on-year growth, handling 770,337 container units in April 2024, a twelve per cent increase from the last year's figures.
According to the data, workers at the nation's busiest container port processed nearly 25 per cent more TEU in the first four months of 2024, bringing the total to 3,150,841 TEU.
The volume surpasses the port's running five-year average by 5 per cent, including record volumes during the pandemic, according to gCaptain, Ventura, California.
April 2024 saw loaded imports landing at 416,929 TEU, up 21 per cent from the previous year. Loaded exports increased by 51 per cent compared to last year, with 133,046 TEU processed. This trend marks eleven continuous months of year-over-year export gains.
However, the port processed 220,262 empty containers in April, a 14 per cent decrease from 2023.
Port of Los Angeles executive director Gene Seroka confirmed in a recent media briefing that all operational statistics are at or better than pre-COVID levels. "I've been urging shippers to take advantage of our fluid terminals and excess capacity. We're ready to upscale on demand as we move into the second half of 2024," he said.
Daniel Hackett of Hackett Associates, who joined Mr Seroka at the briefing, provided insights into the rise of West Coast cargo volumes. He predicts volumes to remain strong through the peak shipping season, although year-on-year growth rates might be lower in the second half of 2024.
The West Coast growth rates have surged compared to US East and Gulf Coast ports, a trend that is expected to continue albeit at a lower rate.
https://shippingazette.com/
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