The Port of Los Angeles handled 684,291 TEUs in July, translating to a significant 27% decrease from the previous year’s record month.
In particular, loaded imports totalled 364,208 TEUs in the previous month, a 25% drop from the same month in 2022. However, loaded exports increased by 6% year-over-year to 110,372 TEUs.
With Asia’s demand for empty containers declining, just 209,710 empty TEUs were moved through the port of Los Angeles, represetning a 39% year-over-year decrease.
Meanwhile, the major container port in the US West Coast has processed 4,821,670 TEUs in seven months of 2023, which is approximately 24% less than box volumes in the same period last year.
“Global trade has eased as warehouse inventories of retailers and manufacturers remain elevated,” stated Gene Seroka, executive director of Port of Los Angeles, who went on to add, “American consumers are continuing to spend and are likely to find more discounted items this year as we move into fall fashion and the year-end holiday season.”
