Record October for Port of LA with box throughput soaring 16
Time: 2016-11-18 13:38
CONTAINER throughput at the Port of Los Angeles (POLA) surged nearly 16 per cent in October compared to the same period last year, marking it the busiest month ever at a Western Hemisphere container port, according to data collected by the American Association of Port Authorities.
Total volumes registered at 814,574 TEU, surpassing the previous record of 800,063 TEUat the port in October 2006, the Logistics Management reported.
October imports increased 16.4 per cent to 417,311 TEU while exports jumped 23.3 per cent to 166,406 TEU. Along with a 18.3 per cent surge in empty containers, overall October container volumes were 814,574 TEU.
With total cargo volumes through the first 10 months of 2016 at 7.18 million TEU, it represents an increase of 5.25 per cent compared to the same period in 2015.
Meanwhile, the Port of Oakland reported that its export volume reached a three-year high in October, soaring 20 per cent over 2015 totals.
The port reported that it shipped the equivalent of 89,473 export containers last month. That was the most since October 2013, the port said, and the fourth-largest monthly total in its history.
The figures cap a year-long rally that has lifted Oakland exports 10 per cent above 2015 volume year-to-date. They re-enforce the Port's position as one of the top export gateways in the US.
"Increased export volume is nothing new ?we've reported gains in nine of the first 10 months of the year," said Port of Oakland Maritime director John Driscoll. "But the amount of volume growth highlights just how strong this rally is."
The port said a softer US dollar and healthy agricultural harvests helped drive export gains. Growers in California's Central, Napa and Salinas valleys depend on Oakland to reach markets in Asia.
The port reported that containerised import cargo volume increased 2 per cent in October. Overall loaded container volume ?imports and exports ?was up 11.4 per cent.
However, the Port of Long Beach (POLB) did not fare as well, with total container volumes down 6.2 per cent annually at 581,808 TEU, due to what it called the ongoing fallout from the Hanjin bankruptcy.
POLB exports dropped 1.2 per cent at 126,770 TEU, and imports fell 3.7 per cent to 296,711 TEU, while empties experienced the largest drop of 13.8 per cent to 158,327 boxes.
Hanjin Shipping containers represented around 12.3 per cent of its total volume. Steps were recently taken to clear a backlog of empty containers related to the Hanjin bankruptcy, which freed up a large number of chassis to speed the efficient flow of cargo through the Southern California supply chain.
On a year-to-date basis, total POLB volumes are down 4.8 per cent.
Total volumes registered at 814,574 TEU, surpassing the previous record of 800,063 TEUat the port in October 2006, the Logistics Management reported.
October imports increased 16.4 per cent to 417,311 TEU while exports jumped 23.3 per cent to 166,406 TEU. Along with a 18.3 per cent surge in empty containers, overall October container volumes were 814,574 TEU.
With total cargo volumes through the first 10 months of 2016 at 7.18 million TEU, it represents an increase of 5.25 per cent compared to the same period in 2015.
Meanwhile, the Port of Oakland reported that its export volume reached a three-year high in October, soaring 20 per cent over 2015 totals.
The port reported that it shipped the equivalent of 89,473 export containers last month. That was the most since October 2013, the port said, and the fourth-largest monthly total in its history.
The figures cap a year-long rally that has lifted Oakland exports 10 per cent above 2015 volume year-to-date. They re-enforce the Port's position as one of the top export gateways in the US.
"Increased export volume is nothing new ?we've reported gains in nine of the first 10 months of the year," said Port of Oakland Maritime director John Driscoll. "But the amount of volume growth highlights just how strong this rally is."
The port said a softer US dollar and healthy agricultural harvests helped drive export gains. Growers in California's Central, Napa and Salinas valleys depend on Oakland to reach markets in Asia.
The port reported that containerised import cargo volume increased 2 per cent in October. Overall loaded container volume ?imports and exports ?was up 11.4 per cent.
However, the Port of Long Beach (POLB) did not fare as well, with total container volumes down 6.2 per cent annually at 581,808 TEU, due to what it called the ongoing fallout from the Hanjin bankruptcy.
POLB exports dropped 1.2 per cent at 126,770 TEU, and imports fell 3.7 per cent to 296,711 TEU, while empties experienced the largest drop of 13.8 per cent to 158,327 boxes.
Hanjin Shipping containers represented around 12.3 per cent of its total volume. Steps were recently taken to clear a backlog of empty containers related to the Hanjin bankruptcy, which freed up a large number of chassis to speed the efficient flow of cargo through the Southern California supply chain.
On a year-to-date basis, total POLB volumes are down 4.8 per cent.
