Friday, November 20, 2009

LA Shipping Reaches Highest Level Since Nov. 2008


SAN PEDRO, CA (Nov. 13, 2009)Containers shipped through the Port of Los Angeles last month increased 10.9% compared to September, making October the strongest month yet for the Port this calendar year (see top chart above). Both containerized imports and exports reached their highest levels for 2009, with loaded outbound containers seeing an 11.8% rise over October 2008 volumes. Still, loaded inbound containers were 8.3% below October 2008 levels (data here).

Despite a reporting period that included a weeklong observance of a Chinese holiday, the total number of Twenty-Foot Equivalent (20-foot containers or “TEUs”) imported and exported through the Port of Los Angeles in October was 647,423
. Total container volumes were 10.9% above September 2009 levels; loaded imports were up 9.6% and loaded exports were up 7.4% over the previous month. Year to date, TEU volume is at 5,606,798, or 15.4% lower than the same 10-month period in 2008.

MP: Container counts at the LA Port have increased in six out of the last eight months, and reached the highest total level since last November. On a year-to-year percent change basis, the 8.34% decrease in October was the smallest decrease in a year, since the 3.98% decrease from October 2007 to October 2008 (see bottom chart above).

2 Comments:

At 11/20/2009 12:08 PM, Anonymous Junkyard_hawg1985 said...

Mark,

I am glad to see the improvement, but this still leaves us a long way from where we were. Thanks for reporting these types of statistics.

In Oct. 2006, the Port of LA handled 800,063 equivalent containers. In October 2009, they handled 647,423. This is a decline of 19% over a three year period at the same time real GDP is calculated by the BEA to be constant. This is one hint that the real GDP statistics may be off.

 
At 11/20/2009 1:50 PM, Anonymous Benny "Tell It LIke It Is Man" Cole said...

Die, recession, die, die, die!

I watch these counts closely, and Long Beach's, which were not as good.
It is getting better.
If trends persist for another couple years, we will be into the next 20 year global boom.

Asia looks unstoppable. Europe is doing okay. Who cares about Africa, and S. America has oil.

The USA? We need radical reform of our federal government, especially cutbacks in Dept. of Defense and Ag. Free markets.

Then we might be able to compete in world markets.

Or, we may become No. 2 Banana to China.

Still, new technologies will bring better lives.

 

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