Port of Los Angeles sees slowdown in port imports in August.
It is reported that the port of Los Angeles. In July,the largest container port did not reduce imports in the United States. But Gene Seroka said, executive director of the Port of Los Angeles, imports may finally start to fall this month.
Last week Seroka reported that the Port of Los Angeles handled 935,345 TEU containers last month, the highest July import volume on record for the port. Total throughput including imports, exports and empty containers increased by 5% year-on-year. Imports totaled 485,472TEU, up 3% year by year and 9% compared to June.
"Imports will start to slow down a bit," Seroka said. “I expect this to be reflected in our freight volume data for August. Chinese factory orders are slowing and some retailers are continuing to build up their inventories. Will start to see a drawdown on some imports, especially those that don’t repeat purchases each year of goods: appliances, fixtures, furniture, sporting goods.”
"But I'm still bullish on our strong performance in the second half of the year. Incoming shipments in the months and weeks ahead will be different from existing stocks, with more seasonal items and the all-important year-end holiday items. "
U.S. Customs Seaborne Imports:
Terminal liquidity at the Port of Los Angeles continues to improve. Seroka said: “While there are still challenges on the rail front, our container terminals are in good shape. For containers shipped by truck, the waiting time of more than nine days has been reduced to about 2,000, compared to more than 32,000 in October last year. Containers shipped by truck The dwell time is now 4 days, closer to the more traditional time and down significantly from the 11-day high.”
On the rail side, where the problem is more serious, he said: "Inland rail terminals look like last year's ports, with piles of cargo, people not picking up goods fast enough, and importers allowing containers to stay longer than usual. So it would be very difficult for us to load the cargo on the next train and get it out of the Port of Los Angeles.”