Snapshots

Volumes at the Port of Los Angeles and Long Beach rebound in April

Despite the bounce back, container volumes on the year are down 12.8 percent

June 08, 2020
Port of Los Angeles & Port of Long Beach TEU Volume
 
  • Container volumes in April at the Port of Los Angeles and Long Beach bounced back, rising 25.0 percent month-over-month

  • COVID-19 has wreaked havoc on the global supply chain and resulted in a significant decline in volumes at the Ports of Los Angeles and Long Beach. Despite the bounce back in April, container volumes through the first four months of 2020 are down 12.8 percent year-over-year

  • This decrease in container volumes is in on top of the steady declines that started in late 2019, when the effects of the trade war between the United States and China started to dampen container flow between the two countries

  • Over the near-term, we expect to see volatility in container volumes as the global supply chain rushes to catch up after the initial shock of COVID-19 and shelter-in-place orders. This will then be quickly followed by decreased volumes as record unemployment weighs on consumer demand

  • Over the long-term, we might expect a steady rebound in port activity as the shift to e-commerce rapidly accelerates demand for global trade