Business

Port of Los Angeles May Cargo Volume ‘Strong, Consistent’ at 753,000 Container Units

 

LOS ANGELES  — The Port of Los Angeles processed 752,893 Twenty-Foot Equivalent Units (TEUs) in May. While that represents a slight 3% decline over last May, overall cargo volume remains 18% ahead of 2023 after five months.

Seroka said he’ll be traveling to Taiwan and China next week for meetings related to increasing cargo volume and reducing the port’s carbon footprint. The ports of Los Angeles and Long Beach will co-sponsor a China-U.S. Green Shipping Corridor in Shanghai, gathering with port leaders and other stakeholders to establish a global trade route to Southern California that uses low- and zero-carbon vessel fuels.

Jared Bernstein, chair of the United States Council of Economic Advisers, joined the port’s media briefing. Bernstein is responsible for providing economic advice to President Biden in order to help formulate domestic and foreign policy.

Bernstein offered his view on the economic outlook, as well as the profound influence of ports and supply chains on the economy.

WATCH BRIEFING HERE

May 2024 loaded imports landed at 390,663 TEUs, a 4.5% decline compared to the previous year. Loaded exports came in at 125,963 TEUs, an increase of 24% compared to last year. May marked the 12th consecutive month of year-over-year export gains.

The port processed 236,268 empty containers, a 12% decrease compared to 2023.

Reporters Desk

Recent Posts

County to Protect Medi-Cal and CalFresh Access for 1.7 Million Residents Amid New Federal Work Requirements

The motion also calls for the expansion of workfare and volunteer opportunities across county departments…

5 hours ago

Governors Briefs: CalRx® Insulin, $11 a Pen, Will Soon be Available and Appointment Announced

This launch marks a significant step in the state's ongoing effort to lower prescription drug…

5 hours ago

Purdue Student Paper Shows Solidarity With Rival

  After the Indiana University Media School fired its director of student media and banned…

6 hours ago

POLA Lead Attorney Steve Otera Named Corporate Counsel of the Year by LA Business Journal

  LOS ANGELES — The Los Angeles Business Journal has given a top legal honor…

6 hours ago

Ports Briefs: POLB Cargo Slows as Clean Truck Study and Air Quality Report Highlight Progress

The Final 2024 Class 8 Drayage Truck Feasibility Assessment Report focuses on battery electric and…

9 hours ago

Public Health Investigating Possible Local Spread of Clade I Mpox; Third Case Confirmed in Los Angeles County

So far in 2025, Public Health has reported 118 cases of clade II mpox.

1 day ago