Subscribe to our free, weekly email newsletter!

January volumes are down at the Port of Long Beach

By Staff
February 17, 2012

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!

Recent Entries

As was the case a month ago, the Global Port Tracker report from the National Retail Federation (NRF) and maritime consultancy Hackett Associates is calling for annual import cargo volume gains at United States ports, as retailers gear up for the holiday season.

More than nine months after saying it was not for sale, Long Beach Calif.-based non asset-based third-party logistics (3PL) services provider UTi Worldwide has apparently changed its tune, with the company saying it has entered into a definitive agreement to be acquired by Denmark-based global 3PL DSV for $1.35 billion and $7.10 per share.

September carloads—at 1,417,750—were down 4.9 percent—or 72,597 carloads— annually, and intermodal—at 1,365,980 trailers and containers—was up 1.2 percent—or 16,272 trailers and containers.

Slowing global trade and a bloated orderbook of large vessel capacity mean that container shipping is set for another three years of overcapacity and financial pain, according to the latest Container Forecaster report published by global shipping consultancy Drewry.

The NRF is calling for 2015 holiday sales to see a 3.7 percent annual gain to $630.5 billion, which comfortably outpaces the ten-year average of 2.5 percent.


Post a comment
Commenting is not available in this channel entry.

© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA