Port of Los Angeles Hits Record Cargo Volume in 2023
The Port of Los Angeles recorded its busiest three-month period on record, handling 955,907 twenty-foot-equivalent units (TEUs) in August 2023, contributing to a total of approximately 2.9 million TEUs from June to August. This surge was driven by retailers accelerating imports to avoid new tariffs and rising shipping costs amid ongoing geopolitical tensions, particularly related to the Middle East conflict.
The unusual shipping patterns included seasonal merchandise such as Halloween costumes, Thanksgiving decorations, and Christmas and Hanukkah goods arriving earlier than usual. Port officials noted that this three-month total surpassed the previous record set during the COVID-19-era shipping boom.
The data reflects how businesses are adjusting their inventory strategies in response to uncertainties regarding tariffs and fuel prices.
Plus234Feed summary based on reporting from Uhurutimes. Read the original report below.
Read full article
Continue on Uhurutimes
Get the week in one email
Top stories, NPFL results, the naira, every Friday morning. Free, one email a week.
Related Stories
21 Ships to Arrive at Lagos Ports with Various Cargo
Nigeria's Vehicle Tariff Cuts May Not Boost Lagos Imports
Nigerian Ports See 12.3% Cargo Throughput Growth
NPA Reports 11 Vessels Arriving with Goods in Lagos
NPA Reports 12.3% Cargo Growth in Q2 2026
Nigerian Ports See 12.3% Cargo Increase in Q2 2026
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
