The Port of Los Angeles saw a 3% increase in cargo volume in August 2023, moving 828,016 TEU. In a new press release, the port revealed this was its first monthly year-over-year increase in 13 months.

“August was a very solid month with increases both on the import and export sides of our business,” Port of Los Angeles Executive Director Gene Seroka told journalists at a media briefing.

August 2023 loaded imports landed at 433,224 TEU, an increase of 7% compared to the previous year. Loaded exports came in at 124,988 TEU, an increase of 22% compared to 2022.

Port of Los Angeles Executive Director Gene Seroka attributed the increase in cargo volume to the recent ratification of the six-year contract between the International Longshore and Warehouse Union and the Pacific Maritime Association, which restored stability and confidence to customers.

Seroka also noted that the Port is operating at full capacity and is prepared to scale up operations as needed.

In the meantime, the Port of Long Beach saw a more modest start to its peak shipping season, with cargo volume declining 15.4% in August 2023. However, Port CEO Mario Cordero said that the Port is still on track to move 4.9 million TEU by the end of the year, which would be in line with pre-pandemic levels.

“We anticipated a modest peak season as our cargo numbers continue to stabilize at pre-pandemic levels,” said Port of Long Beach CEO Mario Cordero.

Both the Port of Los Angeles and the Port of Long Beach are investing in infrastructure projects to improve cargo flow and efficiency. This year, the Port of Los Angeles received $233 million in state infrastructure grants, and Long Beach Port celebrated the completion of a $55 million improvement project to the ITS Pier G Wharf that allows it to receive larger container vessels.

These investments are expected to help the ports keep pace with the growing demand for cargo and remain competitive in the global market.