THE Port of Los Angeles fell behind its adjacent rival, increasing October throughput seven per cent year on year to 725,775 TEU while adjacent Long Beach enjoyed more than double the growth with a 14.7 per cent rise over last year to 755,150 TEU.
Los Angeles laden imports hit 372,455 TEU, an increase of 11 per cent while laden exports came in at 121,277 TEU, up 35 per cent year on year. Empties totalled 232,043 TEU, down eight per cent.
Long Beach imports increased 23.6 per cent to 363,300 TEU while exports decreased 24.8 per cent to 90,073 TEU. Empties grew 23.3 per cent to 301,777 TEU.
Said LA port executive director Gene Seroka: "November is shaping up to be a strong month as we see a final holiday push and warehouse replenishment."
Mr Seroka noted that between August through October the two San Pedro Bay ports increased their market share containerised imports from Asia, rising to 46 per cent from 42 per cent last year.
The National Retail Federation expects to see record levels of spending this holiday season - an estimated growth between three to four per cent compared to last year.
Said Long Beach port CEO Mario Cordero: "Cargo is rebounding and we are continuing to collaborate with our industry partners to recapture market share. We are anticipating moderate growth through the rest of the year as retailers continue to stock shelves for the winter holidays."
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