As has been the case in recent months, cargo activity at the nation’s two largest ports— the Port of Los Angeles (POLA) and the Port of Long Beach (POLB)—were mixed in November.
POLB imports, which are primarily comprised of consumer goods, at 278,534 TEU (Twenty-foot Equivalent Units) in November hit its highest level for November imports in five years for a 20.2 percent annual gain. November imports were also ahead of October’s 276,698 TEU. Exports, which are primarily comprised of raw materials, increased 24.6 percent annually to 138,312 TEU, representing the second highest November in the last five years.
POLB officials said that these increases are due in part to more ocean carriers adding services to Long Beach in recent months, including CMA CGM and MSC. And they added that POLB terminals handled a cumulative 555,513 TEU, which was 20.8 percent higher year-over-year.
On a year-to-date basis through November, imports are down 0.3 percent at 2,766,711, and exports are up 2.0 percent at 1,404,627, and empties are down 5.9 percent at 1,314,204. Total TEU through November are down 1.2 percent at 5,485,542.
Total November volumes at the Port of Los Angeles dropped 16 percent to 582,981.70 TEU. Imports fell 18.64 percent to 288,273.50, and exports fell 25.80 percent to 145,344.00. Empties rose 3.78 percent to 149,364.20. And total TEU through November at 7,489,560.10 is up 2.72 percent.
POLA staffers said that November’s decline was partially attributed to a vessel service shift from Los Angeles to Long Beach and cargo delays resulting from the first few days of the labor dispute which impacts both POLA and POLB earlier this month before a tentative agreement was struck.
November’s declines snapped a four-month stretch in which total POLA volumes surpassed the 700,000 TEU mark.
SC
MR

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