Close on the heels of the Port of Los Angeles announcing that it is seeing a 15% drop in total volumes in August 2022 Y-O-Y, figures from the Port of Long Beach show a drop of just 0.1% for the same period.
In fact, if we look at the Y-O-Y and M-O-M volumes of these two ports for Full Imports, Full Exports, and Empty Out, the Port of Long Beach has show positive growth in Aug 2022 in all areas except Full Imports on a Y-O-Y basis where its volumes are down 6% compared to Aug 2021.
Port of Los Angeles on the other hand showed big drops Y-O-Y and M-O-M with the biggest drop being on the Full import volumes which were down 17% compared to both Aug 2021 and Jul 2022.
Since Jan 2021, both ports have been following a very similar pattern in terms of percentage change in volumes till July 2022 when the volumes of full imports have gone in different directions.
The port of Los Angeles showed a higher fluctuation in export volumes since July 2021 compared to Long Beach with volume change ranging between -25.3% and 41.4%.
Commenting on Aug 2022 figures, Port of Long Beach Executive Director Mario Cordero said “We’re making great strides in reducing the number of ships queuing to enter the San Pedro Bay ports complex and quickly moving imports and empty containers out of the terminals.”
“We are collaborating with stakeholders to provide more information, more space and more flexibility across the supply chain,” he added.
“I commend our dockworkers for their continued hard work to keep goods moving through the Port,” said Long Beach Harbor Commission President Sharon L. Weissman. “Our reputation as a primary gateway for trans-Pacific trade relies on our ability to ensure the secure and speedy shipment of goods.”
The Port of Long Beach has delayed the start of a “Container Dwell Fee” several times since its intended implementation in Nov 2021. Still, the San Pedro Bay ports – Long Beach and Los Angeles combined – have seen a 50% decline in aging cargo on the docks since the program was announced on Oct. 25.
The Port of Long Beach has broken monthly cargo records in six out of the last eight months. The Port has moved 6,600,560 TEUs during the first eight months of 2022, up 4% from the same period last year.