Largest L.A. 3-Month Shipping Increase Since 2006
The Port of Los Angeles reported today on May shipping volume, measured in TEUs (Twenty-foot Equivalent Units, a standardized industry measurement used when counting cargo containers of varying lengths), noting the following:
May 2009 imports are greater than April 2009 due to lower warehouse inventory levels, showing some signs of improvement.
May 2009 exports are the highest for the year and greater than April 2009 due to stronger exports of raw materials.
Higher volumes May 2009 vs. May 2008 from China Shipping.
MP: Also, the three consecutive month shipping volume increases in March, April and May 2009 marks the first three month-in-a-row increase in almost three years, since the middle of 2006; and the 161,000 TEU increase over those three months is the largest three-month increase since early 2006 (see shaded areas above).