POLA

Total POLA volume, at 781,434 TEU (Twenty-Foot Equivalent Units), saw a 60% annual gain, and POLB reported that total February volume, at 674,723 TEU, increased 24.1% annually.

POLA volume came in at 855,652 TEU (Twenty-Foot Equivalent Units), for an 18% annual increase, and POLB reported that January volume, at 674,015 TEU, increased 17.5% annually.

POLA reported that total October volume, at 725,775 TEU (Twenty-Foot Equivalent Units), was up 7% annually. The Port of Long Beach reported that total October volume, at 755,150 TEU, was up 14% annually.

The story of the economy since the onset of the pandemic has been the resilience of consumers and how consumption has powered the economy. That was the word from Matthew Shay, president and CEO of the Washington, D.C.-based National Retail Federation (NRF) on a media conference call hosted by the Port of Los Angeles this week.

The Port of Los Angeles reported that total September volume, at 748,440 TEU, was up 5% annually, marking its second consecutive month of annual growth. The Port of Long Beach reported that September marked its highest-volume September on record, with volume at 829,429 TEU, increasing 11.8% annually, and topping the previous September high in 2020 by 78,849 TEU.

POLA reported that August volume was up 3% annually, coming in at 828,016 TEU (Twenty-Foot Equivalent Units). This marked the first growth month out of the last 13 months through August. The Port of Long Beach reported that total August volume, at 682,312 TEU, was off 15.4% annually.

Total POLA volume, at 684,291 TEU (Twenty-Foot Equivalent Units), saw a 26.85% annual decline compared to the record-setting July 2022, at 935,423 TEU. The Port of Long Beach reported that total volume came in at 578,249 TEU, down 26.4% annually, compared to July 2022, which POLB said was its highest-volume July in its history.

Total POLA volume, at 833,045 TEU (Twenty-Foot Equivalent Units), was down 4.97% annually, but, despite the decline, this marked the highest-volume month going back to July 2022, which was an all-time record month for POLA. The Port of Long Beach reported that total volume came in at 597,076, down 28.5% compared to June 2022, its highest-volume June on record.

POLA reported that total May volume came in at 779,140 TEU (Twenty-Foot Equivalent Units), representing a 19.5% annual decline. And the Port of Long Beach reported that May volume fell 14.9% annually, coming in at 758,225 TEU.

Total POLA volume—at 688,110 TEU (Twenty-Foot Equivalent Units) fell 22% compared to April 2022, which marked the second highest-volume month on record for POLA. And he Port of Long Beach reported that total April volume—at 656,049 TEU—was down 20.1% compared to April 2022, the port’s highest-volume April on record.

Total March volume—at 623,233 TEU (Twenty-Foot Equivalent Units)—came in just over the port’s initial expectations for the month. While this marked a 35% annual decline, POLA Executive Director Gene Seroka said that it was up against the highest-volume March on record for POLA.

The Port of Los Angeles reported that February volume—at 487,846 TEU (Twenty-Foot Equivalent Units)—were down 43% compared to February 2022. The Port of Long Beach reported that total February volume—at 543,675 TEU—dropped 31.7% annually

POLA reported that total January volumes—at 726,014 TEU (Twenty-Foot Equivalent Units)—were down 16% compared to January 2021, an all-time record for the month. January POLB volume—at 573,772 TEU—was also down compared to a record January 2022, falling 28.4%.

December volumes, for the Port of Los Angeles (POLA) and the Port of Long Beach (POLB) were down to finish 2022, according to data respectively issued by the ports this week.

Going back to the initial announcement of this program in October 2021, POLA and POLB have seen a collective 92% decline in aging cargo on their respective docks. What’s more, while the ports’ respective executive directors had the authority from their harbor commissions to implement the fee, the fee was never activated, as cargo owners were able to clear their long-dwelling cargo off of their terminals.