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16 Feb 2024

Breaking News: Record-Breaking Trade Surge in 2024

As the Port of Los Angeles and the Port of Long Beach gear up for a strong start to 2024, import volumes are surging compared to the previous year. In January alone, the Port of Los Angeles processed a staggering 855,652 Twenty-Foot Equivalent Units (TEUs), marking its second-busiest start to a year in history. This notable increase is fueled by a robust U.S. economy and retailers replenishing their inventories ahead of the Lunar New Year shutdown in Asia.

Loaded imports and exports experienced significant increases, rising by 19% and 23%, respectively, showcasing the bustling activity at these ports. Similarly, the Port of Long Beach reported robust volumes, handling 674,015 TEUs in January, representing a 17.5% increase from the same month last year. Despite a decline in exports, imports and empty container volumes saw notable increases.

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