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October this year saw the Port of Los Angeles handle a record 905,026 twenty-foot equivalent units
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It was the fourth consecutive month that the port exceeded 900,000 TEUs, and was a 25% hike compared to last year
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For January to October, this year, the port moved 8,491,420 TEUs, or a 19% increase compared to 2023
October this year saw the Port of Los Angeles handle a record 905,026 twenty-foot equivalent units (TEUs).
It was the fourth consecutive month that the port exceeded 900,000 TEUs, and was a 25% hike compared to last year.
For January to October, this year, the port moved 8,491,420 TEUs, or a 19% increase compared to 2023.
Gene Seroka, Port of Los Angeles executive director, in a statement said: “These robust, sustained volumes will likely continue in the coming months with strong consumer spending, an early Lunar New Year, importer concerns about unresolved Easts Coast labor issues and the possibility of new tariffs next year that could drive up shipping costs.”
Seroka thanked the dockworkers, truckers, terminal operators, and others who handle the record levels of cargo daily.
“They have done it with speed, efficiency, and without a single ship backed up at sea,” he added.
October 2024 loaded imports landed at 462,740 TEUs, which was a 24% increase compared to 2023. Loaded exports were at 122,716 TEUs, or a 1% rise compared to last year.
The port processed 319,570 empty containers, a 38% jump compared to 2023.
In a related development, Mary Lovely, senior fellow at the Peterson Institute of International Economics, discussed the possible impact of additional tariffs on made in China products under the incoming Trump administration.
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