While supply chain frets, Port of Los Angeles sees record January volume

Positive economy, frontloading boost start to year

Containers at the Port of Los Angeles. (Photo: Jim Allen/FreightWaves)

Key Takeaways:

  • The Port of Los Angeles saw record-breaking container volume in January 2024, exceeding 924,000 TEUs.
  • This represents an 8% year-over-year increase and is attributed to a strong economy and importers hedging against tariffs.
  • Loaded imports increased by 9.5%, while loaded exports decreased by 10.5% compared to January 2023.
  • High numbers of empty containers (up 14%) indicate further increases in inbound volume are expected.

Uncertainty may be sweeping the global supply chain, but it continues to power record container volumes for U.S. maritime gateways.

The Port of Los Angeles reported volume of 924,245 twenty-foot equivalent units in January, up 8% y/y in what was the busiest start in the hub’s 117-year history.

“This January milestone adds to a great run of strong volume, with the last seven months averaging more than 927,000 container units,” said Port of Los Angeles Executive Director Gene Seroka in a media briefing. “A strong economy, along with importers bringing in cargo as a hedge against tariffs and ahead of Lunar New Year, were key factors in January. We continue to move these record-breaking volumes quickly and efficiently, without ship delays.”

January loaded imports totaled 483,831 TEUs, a 9.5% increase compared to 2024. Loaded exports came in at 113,271 TEUs, off 10.5% y/y. 

The port processed 327,143 empty containers, 14% ahead of 2024 and a reliable indicator of pending inbound volume.

Find more articles by Stuart Chirls here.

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Stuart Chirls

Stuart Chirls is a journalist who has covered the full breadth of railroads, intermodal, container shipping, ports, supply chain and logistics for Railway Age, the Journal of Commerce and IANA. He has also staffed at S&P, McGraw-Hill, United Business Media, Advance Media, Tribune Co., The New York Times Co., and worked in supply chain with BASF, the world's largest chemical producer. Reach him at stuartchirls@firecrown.com.