Subscribe to our free, weekly email newsletter!


March 2012 volumes mixed for Port of Los Angeles

By Jeff Berman, Group News Editor
April 12, 2012

The Port of Los Angeles (POLA) reported that March volumes were mixed on an annual basis.

March volumes for POLA—at 650,452 Twenty-foot Equivalents (TEU)—were up 8.27 percent annually, and it also outpaced the February total of 419,084 TEU, which was impacted by the Chinese New Year.

Imports were up 9.34 percent at 324,758 TEU, and exports saw a 2.43 percent decline at 188,155 TEU. Empties—at 137,538—were up 23.99 percent. On a year-to-date basis for the first three months of the year, total POLA volumes are up 3.23 percent at 1,874,820 TEU.

In a recent interview with LM, POLA Director of Communications Philip Sanfield said that export growth is not expected to be as strong as it was in 2011, which was up roughly 14 percent over 2010. Total 2011 exports marked a POLA all-time record at 2,109,394 TEU.

Sanfield said that an import uptick could be on the way as retailers begin to re-stock inventory. The National Retail Federation recently said that it expects 2012 retail sales will grow 3.4 percent to $2.53 trillion.

Sanfield added that POLA is “cautiously optimistic about import growth in the coming months.

This sentiment was also expressed by the Port of Long Beach at its recent“Annual Peak Season Forecast.”

At the POLB event, global shippers stated that they anticipate a busier 2012 peak season, with Southern California ports well prepared with facilities, labor force, and customer service ready to handle increased volumes.

And Walter Kemmsies, Ph.D, chief economist for Moffat & Nichol, said that exports are currently supporting the U.S. economy through overseas purchases of U.S. autos, construction equipment, and agricultural products.

What’s more, the recent Port Tracker report by the NRF and Hackett Associates said that it expects import cargo volumes at U.S. ports to post a 3.2 percent annual gain in April.

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


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 Port of Oakland has undertaken a series of measures in recent years to attract more import volume.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico increased 8.2 percent from September 2013 to September 2014 at $102.2 billion.

NS said that the D&H lines it plans to acquire connect with the NS network at Sunbury, Pa. and Binghamton, N.Y. and give NS single-line routes from Chicago and the southeast U.S. to Albany, N.Y., which is in close proximity to NS’ Mechanicville, N.Y.-based intermodal terminal.

This follows a 1.6 cent decrease last week, which was preceded by a 5.4 gain the week before and stands as the first increase going back to the week of June 23, when the weekly average headed up 3.7 cents to $3.919 per gallon.

BNSF said that its 2015 capital expenditures will be allocated towards various areas of its business, including maintenance and expansion of the railroad to meet the expected demand for freight rail service, with 2015 representing the third straight year BNSF has invested a record annual capital expenditures investment.

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