Subscribe to our free, weekly email newsletter!


Ocean shipping: POLA/POLB see strong June volumes

image

The Port of Los Angeles adjoins the separate Port of Long Beach, employs over 16000 people, and is the busiest container port in the United States. Photo courtesy of Port of Los Angeles

By Jeff Berman, Group News Editor
July 15, 2010

Even though year-over-year comparisons were relatively easy, June volumes at the Ports of Los Angeles (POLA) and the Port of Long Beach (POLB) turned in strong performances.

POLB imports, which are primarily comprised of consumer goods, hit 262,053 twenty-foot equivalent units (TEU) in June for a 27.0 percent annual gain. And exports, which are primarily comprised of raw materials, were up 1.8 percent to 116,112 TEU. Total POLB shipments-at 520,100 TEU-were up 25.8 percent compared to June 2009.

At the POLA imports-at 371,888 TEU-were up 32.26 percent year-over-year, and exports-at 154,558 TEU-were up 12.64 percent year-over-year. Total POLA shipments-at 526,446-were up 25.83 percent year-over-year.

In an interview with LM, POLA Director of Communications Phillip Sanfield said June was another solid month and added that for the first six months of 2009, the POLA is up 14.99 percent—at 3,663,699 TEU—year-over-year.

“We were down about 14 percent [YTD] at the same time last year,” said Sanfield.

“But the first have of this year has been solid, with June being exceptionally strong. It was the strongest June we have ever seen in terms of volume, including the heyday of 2006.”

While these numbers are encouraging, Sanfield said they must be viewed cautiously, as some of these volumes could be due to inventory replenishment. He added that POLA volumes have been up for four consecutive months heading into Peak Season, which has been dormant in recent years.

As for Peak Season, Sanfield is cautiously optimistic, noting there is likely to at least be some type of peak activity compared to last year, although how volumes grow over the next 90 days remains to be seen.

“We are seeing the month-to-month growth and hearing the same signals about retailers being cautious and employment numbers, housing, and credit….and that the second half of the year may not be as robust as the first half.”

The strong June performance at both ports represents an improving global trade environment. This was reflected in numbers released this week by the United States Department of Commerce, which revealed U.S. exports in May hit $152.3 billion, which was $3.5 billion more than April.

POLA Assistant Director of Communications Art Wong said in a recent interview that while there have been improvements in exports and imports in recent months, these numbers need to be viewed with caution.

“The numbers clearly show the worst is behind us-with the [trough] being 2009-and comparing this year with the same period last year, it is easy to show a little bit of improvement and make it look dramatic,” said Wong. “But it is not clear how much stronger the economy is…this year.”

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

Key sanctions are unlikely to be fully removed until Congress lifts the U.S. embargo on Cuba – something unlikely to take place before 2018 when incumbent president Raúl Castro is expected to step down

The PMI, the ISM’s index to measure growth inched up 0.7 percent to 53.5 over May’s 52.8. This reading marks sequential growth for the third month in a row, which was preceded by five months of sequential declines.

Foreign direct investment has never been more important in catalyzing growth, whether in the developed or developing world. Although equity markets around the world have largely recovered since the financial crisis, global capital flows have contracted sharply.

When it comes to the chances of the December 31, 2015 Positive Train Control (PTC) deadline being extended, something which railroads say is badly needed, it appears they need to be prepared to be disappointed. That was the chief takeaway of a statement from Sarah Feinberg, acting administrator of the United States Department of Transportation’s Federal Railroad Administration (FRA).

It’s said that innovation will lead the economy out of its current funk. But how does an organization become a perpetually innovative company? That’s one of the questions Kai Engel and his co-authors at A.T. Kearney set out to answer in their new book Masters Of Innovation.

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