Port of Los Angeles

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

The long litany of headaches now includes ongoing labor negotiations on the West Coast that could quickly shift priorities of ports in the region. While the East Coast may continue to benefit from the uncertainty, the overall forecast for volumes in 2023 remains foggy.

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%.

In this podcast, Logistics Management Group News Editor Jeff Berman interviews Greg Oberting, Founder and CEO of Rail Modal Group, an intermodal logistics provider.

In this podcast, Logistics Management Group News Editor Jeff Berman interviews Greg Oberting, Founder and CEO of Rail Modal Group, an intermodal logistics provider.

Rosemary Coates and Kim Keusel discuss Navis software optimized ocean port, and rail yard operations.

Total October POLA volume—at 678,429 TEU (Twenty-Foot Equivalent Units)—fell 25% annually, and total October POLB volume fell16.6% annually, to 658,428 TEU.

This follows previous joint announcements by POLA and POLB, whom collectively account for roughly 40% of United States-bound import volumes, indicating that consideration of the fee would be pushed back each week. Going back to when the fee was initially rolled out on October 25, 2021, POLA and POLB said that the ports have seen a cumulative 69% decline in the amount of aging cargo on their docks.

Total September POLA volume—at 709,873 TEU (Twenty-Foot Equivalent Units)—marked a 21.5% annual decline up against September 2021, POLB’s all-time high for the month of September. The Port of Long Beach reported that September volume slipped 0.9% annually in September, to 741,823 TEU. I

Earlier this month, Fort Worth, Texas-based Class I railroad carrier BNSF Railway said it plans to invest more than $1.5 billion into what it described as a Southern California “state-of-the-art master-planned rail facility,” adding it is the first being developed by a Class I railroad.

This follows previous joint announcements by POLA and POLB, whom collectively account for roughly 40% of United States-bound import volumes, indicating that consideration of the fee would be pushed back each week. Going back to when the fee was initially rolled out on October 25, 2021, POLA and POLB said that the ports have seen a cumulative 52% decline in the amount of aging cargo on their docks.

Going back to when the fee was initially rolled out on October 25, 2021, POLA and POLB said that the ports have seen a cumulative 46% decline in the amount of aging cargo on their docks.

Port of Los Angeles enjoying record year with terminals that “have capacity” despite 3.5% jump in imports. The Port of Los Angeles, the busiest in the nation, is “more fluid” than in the past year, has whittled the backlog of ships in the harbor by nearly 90% and is ready to take on even more business, port officials said.

This follows previous joint announcements by POLA and POLB, whom collectively account for roughly 40% of United States-bound import volumes.

Going back to when the fee was initially rolled out on October 25, 2021, POLA and POLB said that the ports have seen a cumulative 26% decline in the amount of aging cargo on their docks, a tally which has trended up going back to the initial announcement of this fee.