The ports of the United States are buzzing with activity as cargo volumes continue to rise, despite global trade disruptions. According to data from Supply Chain Dive, the Port of Los Angeles saw a 19% year-over-year increase in total TEUs in March, marking the eighth consecutive month of growth. Loaded imports grew by 19%, a slight decrease from the 64% surge seen in February. On the exports side, March was the best month for the West Coast port since January 2020, with loaded exports increasing by 47% year-over-year.
March Report
With the strong job market and continued consumer spending, Port of Los Angeles expects robust cargo flow to continue into April and the second quarter. Loaded imports, loaded exports, and empties at the Port of Los Angeles in March were reported as:
– Imports Loaded: 379,542 total TEUs
– Exports Loaded: 144,718 total TEUs
– Empties: 219,158 total TEUs
The Global Port Tracker report from the National Retail Federation and Hackett Associates forecasts that import volumes at major U.S. ports are set to reach 2 million total TEUs in May. This would mark a 5.5% year-over-year increase and the highest level since October 2023. Despite uncertainties in global trade, West Coast ports, like the Port of Los Angeles, are seeing an increase in volumes.
Regular Monitoring
As a logistics and transportation company in the United States and Canada, White Star Logistics is closely monitoring these developments. The rise in cargo volumes indicates a positive trend in the industry, with continued growth expected in the coming months. The ability of the Port of Los Angeles to handle additional volume and the increasing consumer demand are driving factors behind the surge in cargo flow.
It is evident that the ports of the United States play a vital role in the global supply chain. They play a crucial role in connecting businesses and consumers around the world. As import volumes are projected to rise, shippers and logistics companies need to stay agile and responsive to market demands. With the support of reliable partners like White Star Logistics, businesses can navigate the challenging supply chain and ensure the efficient movement of goods through ports. Stay tuned for more updates on the latest trends in the logistics industry from the White Star Logistics team.
Source: Supply Chain Dive
