Subscribe to our free, weekly email newsletter!


Port of Los Angeles and Port of Long Beach have mixed results in March

By Jeff Berman, Group News Editor
April 15, 2011

Following a strong February, March volumes at the Port of Los Angeles and the Port of Long Beach were mixed.

POLB imports, which are primarily comprised of consumer goods, hit 191,211 (Twenty-foot Equivalent Units) in March, which was down 7.5 percent annually. It was also down sequentially when compared to February’s 233,660 TEU and January’s 242,445 TEU. POLB Exports, which are primarily comprised of raw materials, were up 1.0 percent at 131,761 and were up compared to February’s 121,929 TEU and January’s 127,546 TEU.

Total POLB shipments for March—at 412,235 TEU—were down 2.5 percent compared to a year ago.

POLB officials were not available for comment about March volumes at press time.

POLA imports—at 297,023 TEU—were up 10.16 percent annually and ahead of February’s 275,887 TEU and below January’s 338,606 TEU. Exports—at 192,849—were up 19.18 percent, well ahead of February’s 150,357 TEU and January’s 159,050.

“Exports were particularly strong, up 19 percent over last March,” said POLA Director of Communications Phillip Sanfield. “In fact, March was our single biggest export month in Port history, with 192,000 TEUs exported. Many factors go into the rise in exports, including the value of the dollar. We’ve been focusing on our international trade program to reach out to exporters around Southern California, helping them learn to navigate the export business.”

Total POLA shipments for March—at 600,796 TEU—were up 9.91 percent year-over-year.

Last month, Sanfield said there were questions, regarding how the next few months will play out in terms of volume growth, given how oil and gas prices could impact consumer spending and how the Japan earthquake may impact global trade. He noted that single-digit growth in the coming months would be solid, given the strong beginning to the year to date.

“Overall, we are seeing the effects of a new terminal, California United Terminals, which started operating here at the Port of Los Angeles late last year (It moved over from Port of Long Beach),” said Sanfield. “We think these strong numbers are representative of the infrastructure improvements we’ve been making here in recent years. Those improvements are paying off in terms of more cargo, increased efficiency and responsible growth.”

For related articles, please click here.

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

In this webcast we'll explore how successful companies use strategies such as cross-client load consolidation, zone skipping, pooling, etc. to minimize freight cost. You’ll hear how transportation optimization is used to generate cost savings and where the ROI comes from.

Even with expected import cargo volume declines in the coming months, the Port Tracker report by the National Retail Federation (NRF) and maritime consultancy Hackett Associates expects volumes to be up for the first half of 2016.

USPS pointed to ongoing growth in its Shipping and Package Group, whose primary offerings are comprised of Priority Mail, Express Mail, Parcel Select and Parcel Return services, as the key driver for the quarterly revenue gains.

With a 2.3 cent decline to $2.008 per gallon, this week’s price stands as the lowest national average going back to the week of March 16, 2009, when it checked in at $2.017.

A recent Wall Street Journal report stated that third-party logistics and freight transportation services provider XPO Logistics shut down seven freight terminals that were part of the Con-way Inc. less-than-truckload (LTL) network, Con-way Freight. Con-way was acquired by XPO for $3 billion last year.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA