Port Traffic Metrics: Los Angeles, Oakland
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Lunar New Year Affect Eases February Cargo at Port of Los Angeles
Port of Los Angeles container trade fell in February following January’s record performance. The timing of the Lunar New Year resulted in a significant amount of cargo being shipped in January rather than February.
February’s 625,381 decreased 12.4 percent from the February 2016 total of 713,721 TEUs, but remained 7.2 percent higher than the port’s most recent five-year average for February.
In detail, this February’s data show a year/on/year gain of 6.1 percent for outbound loads and declines of 19.8 percent for inbound loads and 12.1 percent for empty containers.
Year-to-date, the port’s TEU count was up 2.4 percent for calendar 2017 and 8.8 percent for FY 2016-17. Current and historical data are available here.
"While volumes eased compared to the record cargo we saw last February, I’m pleased that we’ve seen year-over-year growth to start 2017," said Port Executive Director Gene Seroka. "We are actively engaged on many fronts to grow cargo volumes – and jobs – in the San Pedro Bay."
Cargo Volume Off at Port of Oakland in February
The Port of Oakland reports containerized exports dropped in February for just the second time in 14 months.
This February data also show declines from a year ago of 9.3 percent for imports, 5.1 percent for loaded containers, 13.3 percent for empty containers, and 7.0 percent for throughput overall (to 174,906 TEUs).
The port blamed inclement weather for curtailing the movement of Asia-bound exports through Oakland and the Lunar New Year celebration for the import drop.
Oakland export volume had bucked the effects of a strong dollar for more than a year. The port’s exports increased 9 percent in January and 10.5 percent in CY 2016 from prior year totals.
Click here for Oakland seaport facts and figures.
Port of Los Angeles container trade fell in February following January’s record performance. The timing of the Lunar New Year resulted in a significant amount of cargo being shipped in January rather than February.
February’s 625,381 decreased 12.4 percent from the February 2016 total of 713,721 TEUs, but remained 7.2 percent higher than the port’s most recent five-year average for February.
In detail, this February’s data show a year/on/year gain of 6.1 percent for outbound loads and declines of 19.8 percent for inbound loads and 12.1 percent for empty containers.
Year-to-date, the port’s TEU count was up 2.4 percent for calendar 2017 and 8.8 percent for FY 2016-17. Current and historical data are available here.
"While volumes eased compared to the record cargo we saw last February, I’m pleased that we’ve seen year-over-year growth to start 2017," said Port Executive Director Gene Seroka. "We are actively engaged on many fronts to grow cargo volumes – and jobs – in the San Pedro Bay."
Cargo Volume Off at Port of Oakland in February
The Port of Oakland reports containerized exports dropped in February for just the second time in 14 months.
This February data also show declines from a year ago of 9.3 percent for imports, 5.1 percent for loaded containers, 13.3 percent for empty containers, and 7.0 percent for throughput overall (to 174,906 TEUs).
The port blamed inclement weather for curtailing the movement of Asia-bound exports through Oakland and the Lunar New Year celebration for the import drop.
Oakland export volume had bucked the effects of a strong dollar for more than a year. The port’s exports increased 9 percent in January and 10.5 percent in CY 2016 from prior year totals.
Click here for Oakland seaport facts and figures.
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