Los Angeles’ first-quarter volumes up 4.6 percent

The port’s volumes in March grew 12.7 percent year-over-year to 650,977 TEUs.

Los Angeles’ first-quarter volumes up 4.6 percent

The port’s volumes in March grew 12.7 percent year-over-year to 650,977 TEUs.

Los Angeles’ first-quarter volumes up 4.6 percent

The port’s volumes in March grew 12.7 percent year-over-year to 650,977 TEUs.

 

   The Port of Los Angeles reported Thursday its first-quarter volumes increased 4.6 percent year-over-year to 2,208,733 TEUs, which included a 12.7 percent spike in March to 650,977 TEUs.
    “Despite global trade uncertainties, we experienced strong first quarter growth,” said Port of Los Angeles Executive Director Gene Seroka in a statement. “Retailers are forecasting an uptick in summer consumer demand and we are ready for those boxes.”
    The Global Port Tracker predicts monthly U.S. retail imports to reach nearly 2 million TEUs in August, which would be the busiest month since October.
    March, however, was the Port of Los Angeles’ slowest month of the first quarter in terms of volume, but its loaded imports in the month still grew 12.4 percent year-over-year to 297,186.95 TEUs. The port handled volumes of 852,449 TEUs in January and 705,306 TEUs in February.

   The ports of Long Beach and Oakland also recently released their first-quarter totals. Oakland experienced a 4.2 percent growth through the first three months of 2019, while the Port of Long Beach blamed “the looming threat of escalating tariffs” for a 4.7 percent year-over-year decline, which still represented its second-busiest first quarter in history.   

Ocean carriers want to keep transpacific prices as high as possible during BCO contract negotiations. This has been successful, with an increase in blank sailings enabling an April 1 GRI. While space is currently reasonably tight and the new rates are still holding, another GRI is unlikely to stick without more blank sailings.

Great Lakes iron ore shipments in March tumbled 39 percent year-over-year, which the Lake Carriers’ Association said was due to a lack of adequate icebreaking resources.

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Los Angeles’ first-quarter volumes up 4.6 percent

The port’s volumes in March grew 12.7 percent year-over-year to 650,977 TEUs.

Apr 12, 2019 on Dec 27, 2018AmericanShipper.com

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Los Angeles’ first-quarter volumes up 4.6 percent

The port’s volumes in March grew 12.7 percent year-over-year to 650,977 TEUs.

Apr 12, 2019 on Dec 27, 2018AmericanShipper.com