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

Holiday imports, consumer spending help fuel surge.

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

Loaded imports increased 14% to 392,608 TEUs, exports up 55% at 120,635 TEUs

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