• Los Angeles

Port Update December and Year End 2016

Herbert Rubens

With the final numbers in from both Ports, 2016 becomes the third busiest year in the history of our local Ports.

At a combined 15,631,953 in total TEUs (twenty-foot equivalent container units), 2016 finished just below 2006 and 2007. If not for the collapse of Hanjin on August 31, 2016, we would have seen a new record and likely surpassed the 16,000,000 mark in total TEUs.

Port of Los Angeles had the highest volume in history for a Western Hemisphere Port. POLA moved a total of 8,856,782 TEUs, surpassing the previous high of 8,469,853 set in 2006. The year-end total was up 8.53% over 2015. Imports were up 9.26% over 2015, exports were up 9.77%, loaded TEUs were up 9.41% and empties were up 6.36%. POLA finished the year with its busiest December in history, handling 796,536 TEUs up 27.19% over December 2015.

Port of Long Beach moved 6,775,171 TEUs in 2016, down 5.80% from 2015. Imports were down 5.04%, exports were up 0.26%, total loaded TEUs were down 3.47% and empties were down 11.67%. Total volume for the month of December was down 7.97% from December 2015. Q4 was a bad quarter for POLB, a direct result of the Hanjin bankruptcy.

We are very optimistic for 2017 because MSC has acquired the balance of Pier T at POLB from Hanjin. We expect that in a few months, volume at the Port of Long Beach will rebound, and 2017 will be another great year.

View December & Year End 2016 Port Statistics

Questions? Connect with our team!

Rooney Daschbach
Senior Director
+1 562 276 1431
rooney.daschbach@cushwake.com

Steve Bohannon
Senior Director
+1 310 525 1910
steve.bohannon@cushwake.com

Rusty Smith
Director
+1 310 525 1911
rusty.smith@cushwake.com

Eric Daschbach
Director
+1 562 276 1419
eric.daschbach@cushwake.com

Tina Arambulo
Managing Director, Industrial Research
+1 310 525 1918
tina.arambulo@cushwake.com

Leave a Reply

Your email address will not be published. Required fields are marked *

  • Los Angeles

© 2017 Cushman & Wakefield, Inc.