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

For the fourth quarter of 2014, UPS said it anticipates adjusted diluted earnings per share of roughly $1.25, with full-year 2014 adjusted diluted earnings per share at $4.75, which represents a 3.9 percent annual gain over 2013’s adjusted earnings per share of $4.57, with full-year 2014 diluted earnings pegged at around $3.28 per share, which is 28.9 percent below 2013’s $4.61.

In recently issued research and data, JLL pointed out that its market data indicates rents are on the rise, with companies on the hunt for warehouse and distribution space.

U.S. Carloads were up 0.3 percent annually at 290,963, and intermodal at 260,893 containers and trailers dropped 2.4 percent compared to the same week last year.

Researchers say the ships are operating in international waters with a "worrying lack" of regulation, adding that they could pose a threat to regional peace and stability.

Compared to November, spot market freight volume was up 3.0 percent, according to the DAT North American Freight Index.

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA