04-04-2016

US west coast ports bounce back from early-2015 slump: Datamyne

uswestport

IMPORTS through the two major US west coast ports have surged more than 30 per cent in the first two months of the year compared to the same period in 2015, according to Datamyne, a provider of web-based international market intelligence.

The report said imports through the port of Los Angeles increased 36 per cent January through February of 2016 and 30 per cent through the port of Long Beach year on year.

Datamyne CEO, Brendan McCahill said: "West coast ports have indeed made a comeback from the labour disputes and slowdowns that negatively impacted volumes in early 2015. Combined, LA and Long Beach made up for 39 per cent of all ocean imports to the United States in January and February of this year, up four per cent over the same two months last year."

The port of Oakland also had a notable 52 per cent increase in import TEU during the first two months compared with January and February of 2015, reported the American Journal of Transportation.

Ports along the east and Gulf Coasts did not register the same sweeping growth. The port of New York/Newark increased in import volume by five per cent, Norfolk, Virginia was up 17 per cent and Houston declined four per cent. 

The Port of Savannah, which looked to have prospered from the western slowdowns last year, has continued to grow nine per cent so far this year.

Source: Schednet

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