Posted on 09/17/2022 8:49:34 AM PDT by george76
LA lost cargo to East, Gulf Coast ports — and Long Beach next door
...
The Port of Los Angeles, the highest-volume container gateway in America, is diverging from the nationwide trend. U.S. container imports remain close to record highs, yet imports to LA are falling double digits.
On Thursday, the Port of Los Angeles reported total throughput of 805,672 twenty-foot equivalent units in August, down 15.5% year on year (y/y). Imports came in at 404,313 TEUs, exports at 100,484 TEUs and empties at 300,875 TEUs.
Imports were down big, sinking 16.8% y/y and 16.7% compared to July.
...
It was the lowest import total in Los Angeles for any month since December, when volumes were suppressed by extreme landside congestion.
It was also the lowest import total in LA for the month of August since 2014, eight years ago
...
Los Angeles’ performance stands in stark contrast to the blowout numbers just announced by the Port of Savannah in Georgia. Savannah handled 290,915 TEUs of loaded imports in August, by far the highest tally in the port’s history.
Savannah’s August imports were up 15.6% from July, 14.7% from the previous record month in May, 20% y/y — and 34% versus August 2019
Yes, this would be expected as our standard of living is reduced. If you think you’ll just pack up and stop working in response, then the currency will be de-valued to force you back to your yoke and harness (we are watching this now).
Good. Let’s start making more stuff here at home.
Greatest economy ever!!
📉📉📉📉
“We’ve eliminated the trade deficit with China.” /Joe Biden spin
Yup, that’s what the enemedia will say; I still remember when Obamunism was choking the economy and the media arm of the elites starting using “jobs saved” as a metric (with no documentation) rather than “jobs created”. They even went so far as to imply Americans didn’t want to work, but instead were enjoying a well-deserved break on “funemployment”.
I could never have even the slightest relationship with anyone who watches the state news programs.
How is Long Beach port not included in “the largest port complex” ? They are inches apart in the same harbor.
I seem to remember reading that some of the bigger importers were now using smaller ships to go to the east coast via the Panama canal
They didn’t like their containers sitting out at sea because CA ports had the flu
How many S. Californians and Los Angeles potential buyers of these goods, have left California in this past year?
Are they now, buying those foreign made goods in the cities where they moved too?
I think Joe was touting how great things are under him
Food 🆙
Gas ⛽🆙
War
Things are great! 👍
Another imbecilic comment by BiteMe.
I can’t help thinking that the restrictive CA rules re: trucking, warehousing, container circulation, labor and the like have caused shippers to find ways to use other ports, even on the other side of the country.
The INCREASED loads into Savannah, for example, would seem to indicate that.
According to the website of the people that run the ports.
“We are America’s Port® - the nation’s #1 container port and the global model for security, sustainability, and social responsibility.”>>> Their job isn’t really to move stuff.
https://www.portoflosangeles.org/about Get a load of the board of commissioners.
https://www.portoflosangeles.org/commission/board-members
Only Two guys have a real job.
Folks, this is just container ships going to ports they know will offload their goods.
LA doesn’t do that, anymore. You could be off shore three months and still not get offloaded.
Port traffic has been up for 2020 and 2021 as people's buying habits changed but they've gotten what they want and don't need more. Excess inventories from last year held by companies such as Target Corporation are a sign of this.
I'd bank on a large part of this being that companies aren't going to risk delayed shipments through California like they did last year and instead redirected shipments into Tacoma or East Coast ports. California doesn't care to support commerce coming through the ports that's going to the rest of the country. Many trucking companies opted not to upgrade to expensive trucks that were only required in California. (Such requirements are in direct conflict with the Commerce Clause).
The delayed shipments have a ripple effect that's going to take a few years to smooth out. I personally know retailers whose products arrived after the season ended. They missed out on the sales for the season but have the inventory for next year already. For the items they are still ordering, they're adamant they don't come through California.
“Good. Let’s start making more stuff here at home”.
Among so many other things, we’d better start manufacturing medicine here. If the Chinese shut off the supply, a lot of people are going to be in a world of hurt. That includes antibiotics.
As I understand, LA longshoreman fight against any automation or efficient streamlining of the unloading process is causing much of the backup. Meanwhile, container truck traffic heading down I-16 towards Savannah is more than I’ve ever seen.
Hi.
Ports handle many types of traffic.
Container cargo, bulk, general and other stuff like cruise ships etc.
In the fwiw department, Port of Tampa, Port Everglades and Miami have had small increases in cargo and traffic.
I’m not sure about Jacksonville.
5.56mm
That will help with the backlog.
“It was the lowest import total in Los Angeles for any month since December, when volumes were suppressed by extreme landside congestion.”
Is it because the ships are not arriving due to congestion or just not being unloaded within a reasonable time as they sit on the coast? We all know the answer to that. Plus by doing a little math, the imports versus the exports is approximately the same. These ports are not full of containers to use and they reuse inbound containers to export as the inbounds are loaded in a land shipping container called a can and loaded into trucks and/or trains possibly. So the actual control of the speed of unloading is at the fingers of the longshoremen. And unions like theirs (AFL-CIO) is in constant overseeing by the white house and if they stall, Biden can enact the Taft-Hartley Act, a Cold War-era law that allows the government to call for an 80-day cool-down period amid labor impasses.
This will protect the unions appearance and Biden will be set up to be the great unifier even though it will cut services and products to the taxpayers for well over that 80 day cooling off period. It’s all political business. And neither side gives a rat’s azz about anyone but themselves, union or the administration.
wy69
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