... measured in TEUs not USDs.
January cargo volumes increase 33%; busiest January in #PortofLA history: https://t.co/GMbg525xlm #AmericasPort pic.twitter.com/ymo3wk6m0x
— Port of Los Angeles (@PortofLA) February 11, 2016
January cargo volumes increase 33%; busiest January in #PortofLA history: https://t.co/GMbg525xlm #AmericasPort pic.twitter.com/ymo3wk6m0x
— Port of Los Angeles (@PortofLA) February 11, 2016
9 comments:
We're all consuming more than ever, but revenues and profit are falling everywhere and the shelves are overflowing.
Somebody is making munnie Ryan....
Which doesn't mean much more than Pacific ports regained trade from the Atlantic ports, that's been happening for a while. If Atlantic ports up as well reason to be cheerful, if not meaningless (I believe the union disputes out there that finished last Feb have something to do with it).
TEU'S are a good measure though, but a better metric is average container rates (very seasonal so average is a good indicator) they dropped like a stone from China to Northern Europe last year. I don't have figures for that trade lane though, will try and find out.
You guys should identify your acronyms for new and ignorant-but-wanting-to-learn readers.
MRW Ill try to include wiki links going forward... my point was its important to always include the UNITS of measurement in science...
TEU = Twenty foot Equivalent Unit
FEU = Forty foot Equivalent Unit
2 TEU = 1 FEU
It's just container sizes and really about capacity of container ships & ports. Course you have no idea what's in them, could be a quarter full. With rates dropped so much, would be cheaper to send 1 FEU just over half full now than 1 full one 5 years ago (Maersk x Shanghai into Northern Europe averaged $3300 in 2010, last year was $1150...Can get $700 next week (as checked with surface colleagues earlier as promised Blanchflower the figures) but course it's a quiet part of the year even in normal times).
By air we use KGS as it's more precise and for obvious reasons that payload needs to be accurate for fuel & trim reasons. Sea less so.
Andy any recent recovery there in kgs?
RyanAir adding people routes this week:
https://twitter.com/airlinegossip/status/698235436209147907
Nope no recovery if anything things are dropping off but only anecdotal stuff at the moment. Rates are just ridicously low, had some promotional rates sent to me by an airline today (for 'promotional' read desperate) for Australia that were 10% below promo rates they sent out 2 weeks ago. January's drop off from last year was 5% ish apparently from a convo I had today...No hard figures yet though, have to wait for CASS to release them.
Ryanair don't carry cargo, PAX side of the industry has been doing ok though, in fact air fares have been going up (held up inflation here last month as it was 1 of the big movers +0.6% OTOH) No idea why though.
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