by Calculated Risk on 6/17/2024 10:57:00 AM
Monday, June 17, 2024
LA Port Traffic Decreased Year-over-year in May
Container traffic gives us an idea about the volume of goods being exported and imported - and usually some hints about the trade report since LA area ports handle about 40% of the nation's container port traffic.
The following graphs are for inbound and outbound traffic at the ports of Los Angeles and Long Beach in TEUs (TEUs: 20-foot equivalent units or 20-foot-long cargo container).
To remove the strong seasonal component for inbound traffic, the first graph shows the rolling 12-month average.
Click on graph for larger image.
On a rolling 12-month basis, inbound traffic decreased 0.4% in May compared to the rolling 12 months ending in April. Outbound traffic decreased 0.1% compared to the rolling 12 months ending the previous month.