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 Nicaragua Canal will be three times the length of the Panama Canal, crossing the major Lago de Nicaragua, one of the largest freshwater reservoirs in the region.

FTR and Internet Truckstop said that this alliance will provide shippers and carriers with myriad benefits, including market analysis and specificity for contract and spot freight segments by region and trailer type.

Commerce reported that August retail sales at $444.4 billion were up 0.6 percent compared to July and up 5.0 percent compared to August 2013, and the NRF said that August retail sales, which exclude automobiles, gas stations, and restaurants, were up 0.5 percent compared to July and up 2.7 percent on an annual unadjusted basis.

Carload volumes were up 2.7 percent at 286,002, and intermodal volume was up 4.5 percent at 239,142 trailers and containers.

Non asset-based 3PL XPO Logistics said this week that three global blue chip institutions––PSP Investments, Singapore’s sovereign wealth fund called GIC, and the Ontario Teachers’ Pension Plan–– have invested a cumulative $700 million into XPO, which company officials said will be used to accelerate its growth strategy and allocated mainly for unspecified acquisitions.

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