2023 Revival in Transpacific Container Volumes

The bustling Port of Los Angeles recorded a remarkable surge in the handling of laden import containers during the month of September. The statistics revealed a substantial 14% increase when compared to the corresponding period in the preceding year, with an impressive total of 392,608 twenty-foot equivalent units (TEUs) processed. This surge in activity strongly implies a resurgence in inventories, spurred by resurging consumer demands.

When evaluating the broader scope of September volumes at the terminals of the Port of Los Angeles, a year-on-year growth of 5.4% is evident, culminating in a total of 748,440 TEUs handled. However, when assessing the performance over a nine-month duration, a noticeable deficit emerges. The terminals processed a total of 6,398,126 TEUs during this period, representing a substantial decline of 18.6% when compared to the exceptional figures witnessed during the first three quarters of 2022. This stark contrast underscores the economic challenges and fluctuations experienced in recent times.