A modest recovery in container volume appears to be underway at the ports of Los Angeles and Long Beach, and exports are leading the way.
Containerized exports through the Port of Los Angeles increased 17.8 percent in November compared to November 2008. Exports increased 4 percent in neighboring Long Beach.
Imports in November remained below the same month last year, although the decline in imports is not as great as it has been in recent months. Imports were down 11.8 percent in Los Angeles in November. Year-to-date, imports in Los Angeles declined 15.6 percent.
Imports in November dropped 14.7 percent in Long Beach compared to November 2008. However, imports year-to-date are down 22.9 percent, so the rate of decline in Long Beach is also softening.
Containerized imports in Long Beach this year peaked in August at 249,920 20-foot equivalent units and the monthly import volumes have remained below 230,000 TEUs since then. Imports in Los Angeles peaked in October at 338, 734 TEUs.
Exports in Long Beach peaked in August at 130,623 TEUs. Los Angeles' exports peaked in October at 154,354 TEUs, although monthly exports have generally been around 150,000 since late summer.
Contact Bill Mongelluzzo at email@example.com.