17-05-2018

Long Beach creeps up on LA as LB rises 10.8pc vs LA’s 1.3pc dip

LONG BEACH container volumes converged with those of big brother Los Angeles as the smaller port's volumes grew 10.8 per cent year on year in April to 618,438 TEU as LA's April throughput shrunk 1.3 per cent to 705,536 TEU.

Four months into 2018, the Port of Long Beach has moved 2.5 million TEU, an amount more than 17 per cent above last year's record pace.

Long Beach imports grew 8.4 per cent to 312,376 TEU compared to last April. The number of exports moved through Long Beach jumped 22 per cent to 141,799 TEU while export empties totalled 164,264 TEU, up seven per cent.

"Both imports and exports are beating expectations so far this year," said Port of Long Beach executive director Mario Cordero. "For us, part of that is the shift of services we saw a year ago, but at least some of our strong growth appears to be a result of trade tensions as anxious shippers rush to get their cargo to overseas markets."

Said LB Harbor Commission president Lou Anne Bynum: "The global economy has benefited from a slow yet robust economic expansion. As long as it continues we expect to play a big role since we're a natural trade conduit between United States and the China, the world's two largest economies."

Said Port of Los Angeles executive director Gene Seroka: "We're pleased with the levels of efficiency and productivity. We continue to bring technology enhancements like GE Transportation's Port Optimizer to our customers so that we can continue the unparalleled service that cargo owners need and expect."

April 2018 LA imports dropped 2.9 per cent to 361,108 TEU compared to the previous year. Exports increased 4.5 per cent to 164,703 TEU while empties slipped 2.9 per cent to 179,724 TEU.

Combined, LA's April overall volumes were 705,536 TEU. Four months into 2018, overall volumes have decreased 4.7 per cent compared to 2017.

Source: Schednet

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