The Container Ship Backlog Outside Los Angeles Ports Is Almost Cleared

(Bloomberg) — The number of container ships headed for the California ports of Los Angeles and Long Beach — a traffic jam that once symbolized American consumer vigor during the pandemic — declined to the lowest level since the bottleneck started to build two years ago.

Eight vessels were in the official queue as of late Monday, according to data from the Marine Exchange of Southern California & Vessel Traffic Service Los Angeles and Long Beach. That’s an all-time low, officials said in a statement, down from a record of 109 set in January and about 40 lined up a year ago.

LA-Long Beach’s bottleneck became one of the most enduring images of the supply-and-demand imbalances triggered by Covid-19 lockdowns. The backlog forced ships to wait two weeks or more, contributing to record-high ocean freight rates that helped ignite inflation now afflicting economies from the US to Europe.

Though officials changed the way inbound ships queued in November 2021 — having them slow-steam across the Pacific rather than bunching them at anchor near the ports — the dwindling count reflects a slowdown in consumer demand, ample inventories built up by American companies, and ships rerouting through Gulf of Mexico and East Coast ports.

According to the most recent count from Hapag-Lloyd AG, Germany’s biggest container carrier, a total of about 75 ships were anchored outside the ports of New York, Houston, and Savannah, Georgia.

The company also said dwell times for Port of Los Angeles import cargo has declined to 4.2 days from a peak of 11 days.

That improved flow marks a turnaround from a year ago, when East Coast ports with excess cargo-handling capacity invited shipping lines to divert around Southern California to their less-congested gateways.

In a press release earlier this month, LA port chief Gene Seroka beckoned them back, saying “cargo owners looking to re-chart their course, come to Los Angeles. We’re ready to help.”

 

More stories like this are available on bloomberg.com.

©2022 Bloomberg L.P.

Follow us on social media for the latest updates in B2B!

Image

Latest

innovations in healthcare
Innovations in Healthcare: A Discussion with Dr. Craig Joseph at HIMSS 2024
May 24, 2024

Innovations in healthcare were easy to spot at the recent HIMSS 2024 conference. Healthcare Rethink’s Brian Urban caught up with one of those innovators for a live discussion at HIMSS 2024. podcast, Their conversation opens a window and dialogue into the cutting-edge trends reshaping healthcare technology today. This episode features Dr. Craig Joseph, the…

Read More
Preventing burnout
Achieving Professional Growth and Preventing Burnout: The Importance of Time Management and Support Networks in a Fast-Paced World
May 23, 2024

In today’s fast-paced world, balancing professional growth with personal well-being is more crucial than ever. With the rise of remote work, digital transformation, and the constant hustle culture, finding this balance has become a significant challenge for many. A survey conducted by Deloitte suggests that a whopping 77% of professionals experience burnout at work….

Read More
Fan-Centric Business Transformation
Prop Room
May 23, 2024

In this episode of the Fans First series, Jesse Cole, the mastermind behind the Savannah Bananas, shares with us that in the vibrant world of marketing, creativity knows no bounds—a philosophy embodied by a prop room and studio teeming with eclectic costumes and outlandish ideas. This creative hub, seemingly disconnected from conventional themes like bananas,…

Read More
Ace Gardner and Jacob Lewis discuss NIL Deals and Transfer Portals
NIL Deals and Transfer Portals are Also Impacting College Staff and Their Roles
May 23, 2024

College sports is undergoing a significant transformation with the advent of Name, Image, and Likeness (NIL) rights and the increasing prevalence of transfer portals. These changes are reshaping how college staff operate, presenting both opportunities and challenges. With the rise of NIL deals and transfer portals, understanding the behind-the-scenes impact on college coaching staff…

Read More