Ports Post Record Trade In September - Los Angeles Business Journal

Ports Post Record Trade in September - Los Angeles Business Journal

The twin ports of the San Pedro Bay achieved a significant milestone in September, moving more than 2 million TEUs (20-foot-equivalent units) of cargo, setting both individual and combined records.

Key Points:

  • Record-Breaking Numbers:

    • Port of Los Angeles: Over 1.04 million TEUs, the highest monthly total since its inception.
    • Port of Long Beach: 997,177 TEUs, breaking its previous record set in October 2024.
  • Cargo Breakdown:

    • Import TEUs:
      • Port of LA: 545,969 (up 19% YoY)
      • Port of Long Beach: 509,390 (up 31.3%)
    • Export TEUs:
      • Port of LA: 125,751 (up 10%)
      • Port of Long Beach: 91,747 (up 7.8%)
  • Contributing Factors:

    • Holiday-driven consumer demand.
    • Lower tariff rates from earlier in the year.
    • Water supply issues affecting the Panama Canal and Suez Canal.
    • Uncertainty in the Middle East's Suez Canal.
  • Future Projections:

    • Port of Long Beach aims to double its cargo volumes to 20 million TEUs annually by 2050 through the development of the Port of the Future.

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