Subscribe to our free, weekly email newsletter!


Ports of LA/Long Beach stay on course

Despite diminished activity on the transpacific trade lanes, the nation’s leading ports of Los Angeles and Long Beach captured more than their share of inbound calls.
By Patrick Burnson, Executive Editor
May 12, 2011

Both major ocean cargo gateways in San Pedro Bay posted positive numbers for container throughput in April.

Despite diminished activity on the transpacific trade lanes, the nation’s leading ports of Los Angeles and Long Beach captured more than their share of inbound calls.

“We have had 15 months of consecutive growth, “ said Port of LA spokesman, Philip Sanfield. “Last month we also had record exports, although we could not repeat that in April.”

Total number of twenty-foot equivalent containers (TEUs) numbered 617,272.50 in April, besting last year’s performance by 3.69 percent.

At the Port of Long Beach, reports were even more encouraging. After a slight dip in container cargo volume in March compared to a year ago, the port experienced a rebound in April with a 12 percent increase in imports and a 9.5 percent growth overall compared to April 2010.

Overall, the port moved 531,090 twenty-foot equivalent container units last month compared to 485,059 TEUs in April of last year.

Port terminals handled 270,107 TEUs of import containers, almost 30,000 TEUs more than a year ago.  Exports jumped by 10.4 percent to 143,683 TEUs, aided by a weaker dollar and growing demand abroad. Empty container moves were up 3.2 percent to 117,300 TEUs. Most empty containers, noted port spokesmen, are bound overseas for refilling.

When news broke earlier this month that the liner start-up, The Containership Company (TCC), would cease to operate its Shanghai-Los Angeles shuttle, there was some speculation among analysts that the Port of LA would feel the impact.

Not so, said Sanfield:

“While we were sorry to see the service discontinued, it did not represent a lot of business here. Thanks to the acquisition of California United Terminals (CUT) late year, we are still making very positive numbers in comparison to 2010.”

As reported in LM, the terminals moved to LA from Long Beach late last year.

For related articles click here.

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

Intermodal units, at 278,767 containers and trailers were up 6.7 percent compared to the same week last year and marks the third best week for intermodal ever recorded based on AAR’s data.

LM Group News Editor Jeff Berman recently conducted a wide-ranging interview with Bobby Harris, President and CEO of non asset-based 3PL BlueGrace Logistics about various aspects of the freight transportation market.

It’s small, but senior brass at YRC Worldwide will take it. After nearly seven years of continuing losses in excess of $2.6 billion, the parent of the nation’s second-largest LTL carrier posted a narrow net profit in the third quarter ended Sept. 30.

As was the case for the second quarter, third quarter earnings results for publicly-traded less-than-truckload (LTL) carriers are again strong. Signs of solid earnings results from carriers that have posted earnings to date include tonnage increases, gains in weight per shipment and average daily shipments, higher yield, and revenue per hundredweight.

While the holiday season is known to bring good tidings and cheer to all, it may also come with another thing that is not so pleasant: higher rate freights. That was the thesis of a commentary written by Mark Montague, industry pricing analyst and chief market-watcher for DAT, a Portland, Ore.-based subsidiary of TransCore.

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