POLA and POLB May volumes are mixed but solid

POLA said it processed 768,804 Twenty-Foot Equivalent Units (TEU) in May, which is down 3% annually compared to May 2017’s record of 796,216 TEU. POLB May volumes shined, with the port saying its 687,427 TEU represents its highest-volume May ever recorded in the port’s history.

By ·

While May volumes were mixed at the Port of Los Angeles (POLA) and the Port of Long Beach (POLB), the results were impressive over all.

POLA said it processed 768,804 Twenty-Foot Equivalent Units (TEU) in May, which is down 3% annually compared to May 2017’s record of 796,216 TEU.

POLA imports were off 1.8% annually at 405,587 TEU, and exports fell less than 1% to 168,681 TEU. Empty containers dropped 9% to 194,537 TEU. On a year-to-date basis through May, total POLA volume is down 4.4% annually, with total imports and exports at 1,608,158 TEU and 678,048 TEU, respectively.

"Volumes have softened due to continued shuffling of alliance services in the San Pedro Bay,” said Port of Los Angeles Executive Director Gene Seroka in a statement. “The Port remains focused on digitizing our value chain. Our aim is to introduce the GE Port Optimizer™ this summer with the support of our liner and terminal partners."

POLB May volumes shined, with the port saying its 687,427 TEU represents its highest-volume May ever recorded in the port’s history.

Imports headed up 7.3% to 361,056 TEU, and exports increased 142,412 TEU for a 19.9% annual increase. Empty containers fell 4.6% to 183,959 TEU.

Through May, total POLB volumes are up 14.6% at 3.2 million TEU.

“International trade continues to be a thriving part of the economy, and cargo continues to flow across our docks as we focus on delivering goods quickly, efficiently and at a good cost,” said Harbor Commission President Lou Anne Bynum in a statement. “We look forward to a robust peak season this summer and fall.”

KeyBanc Capital Markets analyst Todd Fowler observed in a research note that May sequential trends for POLA and POLB were slightly ahead of seasonal variations, partially attributable to easier April comparisons following Asian port congestion and fluctuating concerns around trade tariffs and import bans.

“Additionally, volumes may be being impacted by some diversion of cargo to alternate ports to avoid congestion in Southern California,” he said. “Overall, we expect modest growth in import activity to continue to support a tight capacity environment and seasonal freight trends near term, and result in additional tightness in line with seasonal variations in coming months.”


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!

Article Topics

POLA · POLB · TEU · volume · All Topics
Latest Whitepaper
E-Fulfillment Study: Actions to Address Customer-Driven Complexity
Managing order fulfillment operations in the age of e-commerce means coping with all aspects of “more” for the customer.
Download Today!
From the November 2018 Logistics Management Magazine
If I were to share a single observation from this year’s CSCMP conference, it would be this: Nearly every conversation I had in Nashville touched on the motor carrier capacity crisis.
Land O’Lakes lock in Texas-based capacity
How will the tariff war with China affect U.S. container ports?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
The Future of Multi-Carrier Shipping Systems (Beyond the Shipping Label)
How confident are you that the shipping solution you have in place today will meet emerging delivery and customer service trends over the next five years? In this webinar transportation technology expert Ken Fleming, COO of Logistyx Technologies, discusses the key trends shaping supply chain delivery today and how they’re influencing shipping system requirements.
Register Today!
EDITORS' PICKS
Land O’Lakes lock in Texas-based capacity
Faced with the challenge of securing capacity in specific lanes, the iconic company broke with...
8th Annual Rail/Intermodal Roundtable: Work in progress
Volumes are strong and steady, service is improving, yet our panel of the nation’s foremost rail...

Transportation Best Practices and Trends: Frios’ cool solution for a hot seller
Gourmet ice pop maker adopts collaborative cold chain solution to keep profits from melting away due...
35th Annual Quest for Quality Awards: Scaling to new heights of service
Which carriers, third-party logistics providers and U.S. ports have reached the pinnacle of...