The @PortofOakland's container volume continues its upward trend. Total cargo volume increased 5.3% in May 2024 compared to May 2023, with 188,040 TEUs (twenty-foot containers). Full import cargo volume in the first five months of this year increased significantly compared to the… pic.twitter.com/EniMgtgJRx
— Port of Oakland (@PortofOakland) June 17, 2024
Largest US Ports Report Volume Declines For May
U.S. ports had mixed results in May. The Port of Los Angeles processed 752,893 TEUs, a 3% decrease from May 2023, ending nine months of year-over-year growth, but volumes for the first five months are up 18% year-over-year.
The Port of Long Beach saw an 8.2% decrease to 695,937 TEUs due to shifting trade routes and canceled voyages, ending eight months of growth, but volumes for the first five months are up 10%.
The Port of Oakland reported a 5.3% increase to 188,040 TEUs, marking seven months of growth in import volumes, though export volumes declined.
The Northwest Seaport Alliance (Seattle and Tacoma) saw a 20.6% increase to 277,388 TEUs, citing voyage consistency, increased vessel calls, and low rail dwell times. Volumes for the first five months are up 8.2%.
Port Houston recorded a 21% increase to 364,866 containers, driven by strong construction, manufacturing, and consumer spending in the region. Volumes for the first five months rose 14% to 1,758,960.
The Georgia Ports Authority reported a 22% increase to 490,330 TEUs, attributing growth to a strengthening retail market and new business from Southeast Asia manufacturers.