Friday, December 19, 2014

POLB Monthly Cargo Volume Up Slightly

By Mark Edward Nero

The Port of Long Beach’s overall cargo volume saw growth of just two percent in November 2014 compared to the same month last year, but the modest rise was enough to mark the busiest November since 2007.

According to data released Dec. 16 by the port, a total of 581,514 TEUs moved through port terminals in November, compared to 569,999 TEUs in November 2013. The rise is primarily due to a surge in empty containers imported and exported during the month. Long Beach moved 157,570 empty TEUs in November, an increase of 30.2 percent.

However, exports saw a 14.5 percent decrease to 129,960 TEUs, while imports were recorded at 293,984 TEUs, down 0.9 percent from last year.

The overall result is that cargo numbers were flat in November at the port, something that Long Beach says is attributable to retailers having shipped the majority of their goods for the year in early autumn to be prepared for the busy holiday shopping season that’s currently underway.

Last year, against which 2014 is being compared, was the third-busiest year in port history with a total of 6.73 million TEUs. Through the first 11 months of the calendar year, the port saw a 1.7 percent increase in cargo.

For the fiscal year to date, the port has seen just 1.16 million TEUs, compared to 1.14 million during the same period in FY 2013, representing a 1.6 percent increase in traffic during the period, which began Oct. 1.