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Record year of 9.6 million containers within reach for 2024 at Port of Long Beach.

September also marked the Port’s fourth consecutive monthly year-over-year cargo increase.

Potential tariff increases, labour negotiations contribute to peak shipping season

Port of Long Beach handled 2,002,820 TEUs during first quarter of 2024, up 16.4% from same period in 2023

With American consumers still spending & economic indicators +ve, LA/LB Ports well-positioned to recapture market share

Two reasons - retailers stocking inventories, strong consumer spending to drive volumes

11 months into 2023, Los Angeles Port processed 7.9mn TEUs, 14% less YoY, Port of Long Beach moved 7.3mn TEUs, down 15%

Study commissioned to analyse trade flows and vessel traffic between Singapore, Los Angeles and Long Beach

Imports increased 24% to 363,300 TEUs and exports declined 25% to 90,073 TEUs at Port of Long Beach in October 2023

Cargo rises due to labour pact, high consumer confidence; Sept marks first monthly YoY cargo increase in 14 months

Up to $1.2 billion federal grant to California will help power supply chain’s zero-emissions future

Carrier partners supporting plan have set goals to deploy reduced or zero lifecycle carbon capable ships by 2025