January volumes are down at the Port of Long Beach
Total January volume was 474,960 TEU, which was down 3.9 percent annually.
in the NewsState of Logistics 2016: Pursue mutual benefit Report forecasts growth in automated truck loading systems B2B Industrial Packaging acquires Alpine Distribution’s packaging division Corrugated industry links rise in recycled content of boxes to advances papermaking technology The Benefits of Shared Transportation & Supply Chain Networks More News
January volumes at the Port of Long Beach (POLB) were down 3.9 percent year-over-year, according to data released by the port this week.
Total January volume was 474,960 TEU (Twenty-foot equivalent units). Imports, which are primarily comprised of consumer goods came in at 229,125 TEU and were down 5.5 percent.
And exports—at 117,083 TEU—were down 8.2 percent. POLB exports are typically comprised of raw materials, including recycled paper that becomes packaging, cotton for clothing, plastic for toys, and leather hides for shoes and handbags
Empty containers—at 110,216 TEU—were up 5 percent, with most empties bound for overseas.
POLB officials said that import volumes typically pick up leading up to the Chinese New Year, as U.S. retailers stock up their shelves in anticipation of the holidays in Asia when most factories close down for a week or more. And they added that conversely, exports of raw materials to China slow down; Chinese New Year was January 23, and the decline in imports reflect caution in the retail sector.
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
Megatrends in ocean freight Ocean Cargo Roundtable: What’s in store for 2017? View More From this Issue