LA Shipping Reaches Highest Level Since Nov. 2008
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).