Cali Container Growth Hits 8 Year High, Led by China — Panjiva


Cali Container Growth Hits 8 Year High, Led by China

Corp - Ports 661 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

Container handling growth through the ports of Los Angeles and Long Beach surged 16.9% year over year in October, the fastest rate since Nov. 2010 when adjusting for the lunar new year and strikes. That mainly came from import growth through Los Angeles of 26.7%. When added to growth in Oakland it’s likely California’s imports rose 16.7% vs. exports’ 4.6%, repeating a pattern seen in Savannah and Norfolk and indicating the U.S. trade deficit likely jumped again. Exports from China led the way with a 17.0% expansion, with notable growth from the automotive product group ...

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