Ocean shipping: Ports of Los Angeles and Long Beach August 2011 volumes show steep declines


September 15, 2011 - LM Editorial

August volumes for the Ports of Los Angeles and Long Beach were both down compared to the same timeframe in 2010.

POLA imports—at 376,189 Twenty-foot Equivalent Units (TEU) were down 5.75 percent compared to last year but were ahead of July’s 357,667. Exports came in at 184,231 for a 24.81 percent annual hike and topped July’s 165,135 output. August empties at POLA were 162,749 TEU for a 25.03 percent decline, and the monthly total was 723,170 TEU, which represented a 5.32 decline from last year.

For the calendar year-to-date, POLA is up 0.40 percent at 5,178,723.

“Considering last August was best month of 2010 and the current economic conditions, it wasn’t a bad showing,” said POLA Director of Communications Philip Sanfield. “After eight months of 2011, we’re essentially flat compared to 2010. And that’s coming off a year of 16 percent growth.  It’s difficult to predict the next four months and what, if any, kind of Peak Season, we will see. Retailers appear to be somewhat cautious going into the holiday season. We’ll know more as we see the September and October numbers.”

The August edition of the Port Tracker report from the National Retail Federation and Hackett Associates are pointing to a healthy holiday season based on positive cargo projections in the fall.

August POLB imports, which are primarily comprised of consumer goods, came in at 267,198 TEU, down 14.2 percent. This was down compared to July’s 290,314 and June’s 271,113 TEU and May’s 275,100 TEU. POLB Exports, which are primarily comprised of raw materials, were down 3.8 percent at 121,277 TEU, which was behind July’s 126,968 TEU, June’s 126,588 TEU, and May’s 130,161 TEU. Empties—at 147,454 TEU—were down 15.1 percent annually.

Total POLB shipments for August were 535,929 TEU, down 12.3 percent year-over-year. This was behind July’s 572,926. For the fiscal year-to-date, POLB shipments are at 5,771,665, a 7.7 percent increase over 2010.

 

 



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.

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