January volumes are down at the Port of Long Beach

By Staff
February 17, 2012 - LM Editorial

January volumes at the Port of Long Beach (POLB) were down 3.9 percent year-over-year, according to data released by the port this week.

Total January volume was 474,960 TEU (Twenty-foot equivalent units). Imports, which are primarily comprised of consumer goods came in at 229,125 TEU and were down 5.5 percent.

And exports—at 117,083 TEU—were down 8.2 percent.  POLB exports are typically comprised of raw materials, including recycled paper that becomes packaging, cotton for clothing, plastic for toys, and leather hides for shoes and handbags

Empty containers—at 110,216 TEU—were up 5 percent, with most empties bound for overseas.

POLB officials said that import volumes typically pick up leading up to the Chinese New Year, as U.S. retailers stock up their shelves in anticipation of the holidays in Asia when most factories close down for a week or more. And they added that conversely, exports of raw materials to China slow down; Chinese New Year was January 23, and the decline in imports reflect caution in the retail sector.



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

Panjiva, an online search engine with detailed information on global suppliers and manufacturers, recently said it is opening up the “vault,” so to speak. The vault in this case is making its copious amount of trade data accessible through an Application Programming Interface (API), which enables customers to extract Panjiva’s trade data into their own database.

Freight transportation and logistics services provider Averitt Express recently announced it has rolled out improved transit times for less-than-truckload (LTL) service from the Midwest to Toronto and other cities.

Data issued by the National Retail Federation lowered its 2014 retail sales forecast, due to a slow first six months of the year (and largely negatively influenced by the terrible winter weather), but noted that retail sales are expected to be strong over the next five months to finish the year.

Anne Ferro, a ferocious advocate for greater truck safety and a constant thorn to truck drivers and some unsafe trucking fleets, says she is leaving as administrator of the Federal Motor Carrier Safety Administration. No successor has been immediately named.

Data issued by the National Retail Federation lowered its 2014 retail sales forecast, due to a slow first six months of the year (and largely negatively influenced by the terrible winter weather), but noted that retail sales are expected to be strong over the next five months to finish the year.

About the Author

Jeff Berman, 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. Contact Jeff Berman.

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