Subscribe to our free, weekly email newsletter!


Port of LA posts big outbound numbers

Imports also increased 2.3 percent compared to the previous year.
By Patrick Burnson, Executive Editor
January 17, 2012

For the second consecutive year, the Port of Los Angeles experienced record-breaking exports as outbound container volumes surged 14.5 percent in 2011 compared to 2010.

Imports also increased 2.3 percent compared to the previous year. Total annual volumes, including empty containers, rose 1.4 percent.

Zepol Corporation, a leading trade intelligence company reported late last week that U.S. import shipment volume for December, measured in twenty-foot equivalent units (TEUs), decreased 8.2 percent from November.

Meanwhile the port is investing $1.5 billion in capital improvements over the next five years.

“2011 was our second straight year of record exports and it’s an example of how our Port is prepared to handle a shift in global trade patterns,” said Port Executive Director Geraldine Knatz, Ph.D. “We continue to facilitate export opportunities through our nationally-recognized TradeConnect Program while focusing our longer-term strategies on retaining and growing our position as the nation’s busiest container seaport.”

The Port handled a total of 7,940,511 in 2011 compared to 7,831,902 TEUs in 2010. Port exports rose 14.5 percent to 2,109,394 in 2011 compared to 1,841,273 in 2010. Total year-over-year imports increased 2.3 percent to 4,066,763 in 2011 versus 3,973,933 the prior year.

The port ended 2011 on a strong note, with December volumes showing gains in all categories. Exports increased 9.2 percent (176,530 TEUs) compared to the previous December (161,625,000 TEUs). Imports jumped 6.4 percent (318,355 TEUs) compared to December 2010 (299,304 TEUs). Total December volumes, including empties, increased 6 percent to 649,468 TEUs compared to December 2010’s 612,651 TEUs.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(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

FTR says both spot rates and contract rates are heading up in a full capacity environment and with the fall shipping season rapidly approaching, it explained conditions for shippers could further deteriorate.

Read how others are using Business Process Management to achieve ERP success with Microsoft Dynamics AX. Download the free white paper now.

Now that Congress has issued another highway funding Band-Aid – a $10.9 billion highway bill through next May that former Transportation Secretary Ray LaHood blasted as “totally inadequate” – what can we expect as the infamously do-nothing 113th Congress winds down in the next month before taking yet another recess to prep for the mid-term elections?

Seasonally-adjusted (SA) for-hire truck tonnage in July headed up 1.3 percent on the heels of a 0.8 percent increase in June. The ATA’s not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment, was 133.3 in July, which outpaced June’s 132.3 by 0.8 percent, and was up 2.8 percent annually.

Volumes for the month of July at the Port of Long Beach (POLB) and the Port of Los Angeles (POLA) were mixed, according to data recently issued by the ports. Unlike May and June, which saw higher than usual seasonal volumes, due to the West Coast port labor situation, July was down as retailers had completed filling inventories for back-to-school shopping.

Article Topics

News · Ocean Freight · Ocean Cargo · Exports · All topics

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