Port of Los Angeles Sees Second-Busiest January on Record

The Port of Los Angeles handled 855,652 Twenty-Foot Equivalent Units (TEUs) in January, the second-best start to the year on record after the pandemic-induced cargo surge in 2022. Port officials said January was the sixth consecutive month of year-over-year increases and surpassed January 2023 by 18%.

“Two factors are driving our strong start,” Port of Los Angeles Executive Director Gene Seroka said at a media briefing. “First, cargo owners have been replenishing inventories and moving goods at a fast clip ahead of the Lunar New Year holiday, which will slow production in Asia.

“Second, consumer spending and mostly strong economic data continue to accelerate the American economy.” Seroka said last season’s holiday sales grew nearly 4%, with strong job growth and other key indicators trending in a positive direction.

Lt. Gov. Eleni Kounalakis added, “With updates in infrastructure, digitalization and zero-emission projects at the Port of Los Angeles, California’s supply chains are moving goods efficiently, accelerating the decarbonization of the state freight sector, all while creating high-quality jobs.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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