The major Californian ports in Los Angeles and Long Beach saw a slowdown in their container volumes this August. Port of Los Angeles (POLA) reported a 15% decrease in its August box volumes compared to the same month last year with 806,000 TEUs. The Port of Long Beach (POLB) handled 806,940 TEUs, down just 764 TEUs from August 2021.
Port of Long Beach noted that falling gas prices alleviated worries about inflation, but consumer spending remained flat in August.
POLA executive director Gene Seroka expressed another opinion about the volume decrease. “Some goods that usually arrive in August for the fall and winter season shipped earlier to make sure they reached their destination in time,” he pointed out.
Seroka went on to comment, “inflationary concerns and elevated inventory levels have made some retailers and e-commerce sellers more cautious. We’ve been able to nearly eliminate the backlog of ships waiting to enter the port by 90% compared to earlier this year. We’ve got capacity on our terminals and the ability to handle cargo coming in more efficiently than last holiday season.”
Eight months into the year, the Port of Los Angeles has moved an estimated 7.2 million TEUs, which is about 1.6% down from last year’s record pace.