Subscribe to our free, weekly email newsletter!


May volumes are down nearly 13 percent at Port of Los Angeles

By Jeff Berman, Group News Editor
June 17, 2013

Volume in May at the Port of Los Angeles (POLA) was down 12.9 percent, according to data released by the port today.

Total volume—at 636,851 TEU (Twenty-foot Equivalent Units) was down 12.9 percent annually. Imports for the month—at 326,114 TEU—decreased 12 percent, and exports—at 154,004 TEU—were down 16.3 percent. Empty containers—at 155,832 TEU—were down 11.2 percent.

For the first five months of 2013, overall container volumes decreased 7.52 percent—or 249,047 TEU—compared to the same period in 2012.

In recent months POLA volumes have been negatively impacted due to a new service line between ocean carriers MSC and CMA CGM that moved from POLA to neighboring Port of Long Beach (POLB) having recently commenced, with both carriers having established hubs at POLB, with vessels calling on POLB. MSC is sharing a POLB hub with COSCO and MSC is in a terminal sharing arrangement with Hanjin at POLB.

While POLA May volumes were down, the most recent edition of the Port Tracker report from the National Retail Federation and maritime consultancy Hackett Associates noted that with the economic recovery moving slowly, retailers are being cautious this summer and could hold off on stocking up for the holiday season until fall,

” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said in the report that “We aren’t expecting significant increases for imports until October, when retailers will have a better idea of what to expect for holiday demand.”

Despite some economic uncertainty, coupled with limited visibility, the housing sector continues to drive some demand for related items, including durable goods. But at the same time import growth has been quelled to a degree, due to cautious consumer spending, which was reflected in the May retail sales numbers released by the NRF and Department of Commerce.

Commerce reported that May retail sales at $421.1 billion were up 0.6 percent over April and up 4.7 percent compared to May 2012. Total sales for the March through May period were up 3.7 percent annually. The NRF reported that May retail sales, which exclude autos, gas stations, and restaurants, rose 0.6 percent on a seasonally-adjusted basis from April and were up 4.3 percent on an unadjusted basis annually.

“It is an environment where things are moving along and the consumer continues to spend but at the same time things are by no means red hot either,” said Eric Starks, president of FTR Associates in a recent interview. “It is pretty consistent in terms of our general expectations and where the general economy has been and where we expect it to go over the next six months.”

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

So far, so good may be the best way to describe the current state of progress in the negotiating process regarding the announcement made last month by FedEx that it plans to acquire Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion.

A new study, “Understanding Risk Assessment Practices at Manufacturing Companies,” uncovers complex business risks and disruptors facing manufacturers, and a pressing need for the industry to evolve its risk assessment capabilities.

Led by perennial earnings champ Old Dominion Freight Line, the nation’s LTL carriers as a group are enjoying a particularly strong earnings season—especially when one considers the first quarter usually is the slowest period for trucking in general with harsh winter weather bearing down on earnings.

A mixed bag may be the most appropriate way to characterize the current state of manufacturing based on the most recent edition of the April edition of the Manufacturing Report on Business issued by the Institute for Supply Management today.

The Department of Transportation’s Federal Railroad Administration and Pipeline and Hazardous Materials Safety Administration (FRA) issued its long-awaited Final Rulemaking for “Enhanced Tank Car Standards and Operational Controls for High-Hazard Flammable Trains.”

Article Topics

News · Port of Los Angeles · POLA · All topics

Comments

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