Subscribe to our free, weekly email newsletter!


May volumes are solid for Port of Los Angeles and Port of Long Beach

By Jeff Berman, Group News Editor
June 18, 2014

May volumes at the Port of Los Angeles (POLA) and the Port of Long Beach (POLB) released this week were solid.

POLA reported that total volumes were up 8.2 percent annually at 689,141 TEU (Twenty-foot Equivalent Units).

POLA imports, which are primarily comprised of consumer goods, came in at 351,403 TEU for a 7.75 percent annual increase. Exports headed up 2.3 percent to 158,473 TEU, and empty containers were up 15 percent at 179,265 TEU.

On a year-to-date basis, total volumes for POLA are up 8.2 percent at 3,315,788 TEU. And May’s total output at 689,141 TEU is ahead of the three-year average for the last three totals for May over 2011, 2012, and 2013, which is 687,045 TEU.

“We are very pleased with both our volumes in May and volumes on a year-to-date basis,” said POLA Director of Media Relations Phillip Sanfield. “We are tracking monthly (for June) at 8.2 percent, as well as year-to-date. The volumes seem to be returning to the port following the downturn of 2008-2009. We are seeing retailers replenish their inventory, with consumer confidence up and imports climbing and gains in exports, too, due to the U.S. dollar.”

He also cited new services at the port along with larger vessels being added by shipping lines serving the port as growth factors. Another driver stems from retailers moving cargo earlier than usual as contracts are being finalized between shipping lines and cargo owners to hedge their bets due to the ongoing West Coast port labor negotiations between the International Longshore Warehouse Union and the Pacific Maritime Association, with a pending deadline for negotiations at the end of June.

POLA saw cargo increases in April along with May and could see more in June, too, he said, adding that the port hopes there is not a labor disruption and things go smoothly, while acknowledging some of the gains so far are likely attributable to cargo moving early.

Total POLB volumes for May were up 2.7 percent at 599,509 TEU for its busiest May performance since 2007, when it hit 606,256 TEU.

Imports were up 2.3 percent at 312,439 TEU, and exports were down 0.3 percent at 146,072 TEU, with empties up 7.1 percent at 140,368.

May represented the second straight month of volume growth at POLB, with volumes up 1.3 percent for the first five months of 2014 at 2,692,618 TEU.

KeyBanc Capital Markets analyst Todd Fowler wrote in a research note that volumes at both ports are “likely benefiting from pull-forward shipment activity ahead of mid-year port labor discussions, signal increasingly positive import activity, in our view, adding that current trends are consistent with other datapoints and anecdotal commentary suggesting a gradually improving demand environment.

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

You’ve heard the old saying, it was the best of times, it was the worst of times. Rob Handfield sees this as the best of times for procurement professionals, who have an opportunity to deliver real value to their organizations

While core metrics were down from a very impressive July, the August edition of the Non-Manufacturing Report on Business from the Institute of Supply Management (ISM) was still very strong.

The Clean Cargo Working Group (CCWG) has released a report indicating that in 2014 average CO2 emissions in the global container shipping trades declined 8.4 percent from the year before.

UPS Freight, the less-than-truckload (LTL) subsidiary of UPS, recently announced it has rolled out a new service center facility in Franklin Park, Illinois. This is the company’s fifth Chicago-area service center along with other ones in Aurora, Chicago, Palantine, and South Holland.

Putting the renewed strength in the truckload market into a very positive perspective is a report issued by Avondale Partners analyst Donald Broughton, which was released yesterday. Entitled, “Q2’15 Trucking Capacity; Goldilocks Era Continues,” Broughton explained that in the second quarter only 70 truckload fleets failed, or exited the business. That number may seem high to some, but it is not, especially when you consider that the second quarter of 2014 saw more than five times as many truckload carriers, 375 to be exact, exit the business.

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