The Port of Los Angeles has reported a 7% increase in cargo volume for October 2023 compared to the same period last year, marking the third consecutive month of growth. The port processed 725,775 Twenty-Foot Equivalent Units (TEUs), reflecting the efforts of terminal operators, labor, and stakeholders to regain cargo market share. Loaded imports and exports experienced significant gains, with loaded imports rising by 11% and loaded exports by 35% compared to the previous year. Port officials anticipate a robust November, driven by holiday demand and warehouse replenishment. Additionally, the return of Zim Integrated Shipping Services is highlighted as a positive development, offering an express service from South China directly to Los Angeles.

SOURCE: GOOGLE