In May, the Port of Los Angeles handled 752,893 TEUs, reflecting a slight 3% decline compared to May of the previous year.
Despite this dip, overall cargo volume for the first five months of 2024 is 18% higher than in 2023.
Executive Director Gene Seroka announced plans to visit Taiwan and China next week for discussions to boost cargo volume and reduce the Port’s carbon footprint.
“We continue our trend of strong, consistent volume that started at the beginning of the year. As we gear up for the second half of the year, our forecast indicates more robust activity on our docks throughout the summer,” stated Gene Seroka at a Wednesday media briefing.
Moreover, the ports of Los Angeles and Long Beach are set to co-sponsor a China-U.S. Green Shipping Corridor in Shanghai. This initiative will bring port leaders and stakeholders together to establish a global trade route to Southern California utilizing low- and zero-carbon vessel fuels.
Jared Bernstein, the United States Council of Economic Advisers chair, participated in the Port’s media briefing. He provided economic advice to President Biden to aid in the development of domestic and foreign policy.
In addition, Bernstein shared his perspective on the economic outlook and highlighted the significant impact of ports and supply chains on the economy.
In May 2024, the Port saw 390,663 TEUs in loaded imports, a 4.5% decrease from the previous year, while loaded exports rose to 125,963 TEUs, marking a 24% increase. This was the 12th consecutive month of year-over-year export growth. Additionally, the Port processed 236,268 empty containers, a 12% decrease from 2023.
