LA Port To Hit New Record High

16 Dec LA Port To Hit New Record High

The Port of Los Angeles looks likely to hit an unprecedented record as they are within reach of a 10 million TEU annual record, a milestone no other port has achieved in the Western Hemisphere.

The busiest U.S. container gateway processed 8,655,489 TEUs in the first 10 months of this year, ahead 2% year-on-year, with 848,431 TEUs processed in October alone.

However, future cargo volumes are expected to soften in December due to earlier frontloading by importers to avoid tariffs and well-stocked retail inventories. In addition, U.S. tariffs and the threat of US port fees on Chinese-made ships have led to a shift in trade flows, resulting in increased container traffic and popularity for Canadian ports like Vancouver (up 6% year on year) and Prince Rupert (up 56% year on year) as alternative gateways.

The remainder of the year will determine whether this historic milestone is achieved  –  we will keep you posted in future editions of this newsletter!

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