Subscribe to our free, weekly email newsletter!


June represents best month of 2012 for Port of Long Beach

By Staff
July 17, 2012

June volumes at the Port of Long Beach (POLB) were up both annually and sequentially.

POLB imports, which are primarily comprised of consumer goods, came in at 280,526 TEU (Twenty-foot Equivalent Units) in June for a 3.5 percent year-over-year increase. This was ahead of May’s 249,937 TEU.

Exports, which are primarily comprised of raw materials, were up 5.6 percent to 133,649 TEU and were ahead of May’s 129,083 TEU.

Empties were down 9.8 percent at 141,184 TEU but still reached its highest level of the year.

Total TEU for June at 555,359 were up 0.2 percent annually. Through the first six months of the year, volumes are down 5 percent annually 2,821,767TEU, with imports and exports down 5.0 percent and 2.1 percent at 1,410,167 TEU and 765,112, TEU, respectively. Empties are down 7.9 percent year-to-date at 646,488 TEU.

POLB officials said June was the busiest month year-to-date for calendar year 2012. They added that the decrease in volumes through the first half of the year is partly due to the elimination of several niche service strings that had called at the Port last year.

“As we enter the cargo peak season in the latter summer months, some business is returning to the Port, however,” they said last month. “Three new strings of vessels from Asia began calling on Long Beach in late May. Combined, the three services are expected to add as much as 500,000 TEUs through the remainder of the calendar year.”

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

The Pacific Maritime Association (PMA), representing employers at 29 ports, and the International Longshore and Warehouse Union (ILWU), which represents 20,000 dockworkers, have come to a tentative agreement on a key issue in ongoing contract negotiations.

Diesel prices continued their ongoing decline, with the average price per gallon falling 6.7 cents to $2.866 per gallon, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).

Unlike other shipping companies, the Postal Service is not implementing any new dimensional weight charges with this pricing proposal

Drewry is expecting the recent spate of freight rate volatility to continue.

For November, which is the most recent month for which data is available, the SCI came in at -3.2. While this is still entrenched in negative territory, it represents an improvement over October and September, which were -5.5 and -6.6, respectively.

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