The Port of Los Angeles, the nation's busiest seaport, notched its second-highest volume for July, boosted by resilient demand for consumer goods and equipment for manufacturing and data center construction, its executive
The Port of Los Angeles, the nation's busiest seaport, notched its second-highest volume for July, boosted by resilient demand for consumer goods and equipment for manufacturing and data center construction, its executive director said on Tuesday.
That demand should support another strong result for August, executive director Gene Seroka said.
Ocean container imports are an early gauge of U.S. economic activity and are closely watched by analysts and traders.
The Port of Los Angeles processed 960,464 20-foot equivalent units (TEUs) of container cargo last month, including 499,552 TEUs of imports, its data showed. Last week, the adjacent Port of Long Beach reported its second-busiest July after handling 928,508 TEUs overall, including 467,461 TEUs of imports.
"Based on what we're seeing today, we expect to handle more than 900,000 container units in the month of August," Seroka said on a call with journalists.
Seroka and other industry experts said peak season came early this year and that many holiday goods have already landed. Some retailers front-loaded goods because 10% global Section 122 tariffs expired in late July. After a period of uncertainty, those were replaced by new tariffs of up to 12.5% on imports from 60 countries tied to allegations of
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