Port of Long Beach

Aerial view of the San Pedro Bay Port Complex in California. (Photograph Courtesy of Port of Los Angeles)

Trade Slows at Ports of LA, Long Beach

The ports of Los Angeles and Long Beach experienced double-digit declines in TEUs (twenty-foot equivalent units) processed in February. Both California ports cited well-stocked retailers, reduced consumer spending, and the typical closure of east Asian factories during the Lunar New Year holiday, as reasons for the soft cargo volumes.

Aerial view of the San Pedro Bay Port Complex in California. (Photograph Courtesy of Port of Los Angeles)

Intermodal Briefs: Port of LA, FourKites/RCS Logistics

The Port of Los Angeles starts 2023 with a 16% drop in TEUs (twenty-foot equivalent units), and expects a “soft” first quarter due to “extended Lunar New Year closures, well-stocked retailers and economic concerns.” Also, FourKites and RCS Logistics team to provide RCS customers with a “one-stop shop” for end-to-end visibility into their shipments across ocean, air, drayage, intermodal and over-the-road (OTR).

Port of Long Beach Volume Plummets

The Port of Long Beach is attributing a large January 2023 volume drop, compared to the prior-year period, to “softened consumer spending, increased prices driven by inflation and a shift in trade routes.”

Aerial view of the San Pedro Bay Port Complex in California. (Photograph Courtesy of Port of Los Angeles)

Intermodal Briefs: Ports of LA, Long Beach; SC Ports

The ports of Los Angeles and Long Beach in California report 2022 as their second-busiest year on record. Also, South Carolina Ports (SC Ports) announces a record 2022 with the most containers ever handled at the Port of Charleston. All provide their outlook for 2023.

(Photograph Courtesy of Port of Long Beach)
Commentary

Cowen: Measuring Supply Chain Shifts

A COVID-induced supply chain spiral led to a logistical conundrum that forced shippers and executive teams to adapt to an ever-changing global environment. As the dust begins to settle, we, at Cowen Research, are taking a closer look at the more long-lasting changes across the supply chain and consumers. A multi-sector angle provides insight into the long-term impact for supply chains and beneficiaries of these shifts.

Port of Long Beach: Shipments Slow in October

Port of Long Beach dockworkers and terminal operators moved 658,428 twenty-foot equivalent units (TEUs) of cargo in October, down 16.6% from the same month last year, citing “reduced consumer demand and a shift of imported goods toward the Gulf and East coasts,” as reasons for the decline.