Container volume declined in February for both the Ports of Los Angeles and Long Beach (POLA, POLB) with the expected slow down in imports. Although February is the slowest month for trans-Pacific trade, volume was down even more than expected due to an early Chinese New Year and subsequent celebrations affecting cargo volumes for most of the month.
The POLA saw imports dip 7.7 percent compared to 2011, with the POLB import volume declining by a whopping 18 percent. Exports were also down at the POLB, inching down 1.6 percent last month. However, the POLA saw some good growth in February export volumes, with a 9.6 percent bump compared to 2011.