Los Angeles Container Volumes Drop
November container volumes down 3 percent at Port of Los Angeles; year-to-date volumes up 6.5 percent
Overall containerized cargo volumes in November 2014 have decreased 3 percent at the Port of Los Angeles compared to November 2013. Total cargo for November was 663,346 Twenty-Foot Equivalent Units (TEUs).
For the first 11 months of calendar year 2014, overall volumes (7,681,498 TEUs) have increased 6.5 percent compared to the same period in 2013 (7,215,224 TEUs).
Container imports decreased 2.7 percent, from 342,247 TEUs in November 2013 to 333,153 TEUs in November 2014. Exports declined 16 percent, from 179,176 TEUs in November 2013 to 150,568 TEUs in November 2014. U.S. exports have declined in 2014 due to weaker demand abroad and a stronger U.S. dollar, which makes U.S. goods more expensive.
Combined, total loaded imports and exports fell 7.2 percent, from 521,423 TEUs in November 2013 to 483,721 TEUs in November 2014. Factoring in empties, which increased 10.6 percent year over year, overall November 2014 volumes (663,346 TEUs) declined 3 percent compared to November 2013 (683,849 TEUs).
