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Port of Los Angeles Is Top International Freight Gateway by Value in 2003
Port of Los Angeles Is Top International Freight Gateway by Value in 2003
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Tuesday, December 28, 2004 - The Port of Los Angeles became the top U.S. international freight gateway by shipment value in 2003, according to a soon to be released report from the U.S. Department of Transportation's Bureau of Transportation Statistics. America's Freight Transportation Gateways shows that Los Angeles' water port handled $17 billion in export trade and $105 billion in imports, totaling $122 billion in business handled by the port.
Los Angeles handled $10 billion more than the $112 billion in freight that moved through JFK International Airport, now the second-ranked international freight gateway in 2003. JFK held the number one position on the list of international freight gateways since 1999, but was overtaken by the Port of Los Angeles last year. The top three gateways by value represent three different transportation types: water (Port of Los Angeles), air (JFK), and land (Detroit's land border crossings).
The top 10 U.S. freight gateways serve as national and multi-state regional trade gateways, in addition to serving local markets. Those same freight gateways handle freight originating or terminating far outside their local markets. For example, 70 percent of the value of shipments passing through Detroit, originate or terminate outside Michigan. In Laredo, Texas the busiest U.S.-Mexican port, 75 percent of the value of shipments start or end outside the state.
Top 10 U.S. International Freight Gateways, Ranked by Value of Shipments: 2003
(Billions of current U.S. dollars)
| 2003 Rank | 2002 Rank | Port name | Total | Exports | Imports |
|---|---|---|---|---|---|
| 1 | 2 | Port of Los Angeles, CA (water) | 122 | 17 | 105 |
| 2 | 1 | JFK International Airport, NY (air) | 112 | 47 | 65 |
| 3 | 3 | Port of Detroit, MI (land) | 102 | 55 | 47 |
| 4 | 4 | Port of New York and New Jersey (water) | 101 | 24 | 77 |
| 5 | 5 | Port of Long Beach, CA (water) | 96 | 17 | 79 |
| 6 | 6 | Port of Laredo, TX (land) | 79 | 32 | 46 |
| 7 | 7 | Los Angeles International Airport, CA (air) | 64 | 33 | 31 |
| 8 | 8 | Port Huron, MI (land) | 62 | 23 | 40 |
| 9 | 9 | Port of Buffalo-Niagara Falls, NY (land) | 59 | 27 | 32 |
| 10 | 11 | Chicago, IL (air) | 54 | 21 | 34 |
| Top 10 gateways | 851 | 296 | 556 |
Source: U.S. Department of Transportation, Bureau of Transportation Statistics, America's Freight Gateways, Table 2, December 2004. Available at www.bts.gov.
In 2003, $2 trillion in U.S. exports and imports moved through over four hundred international freight gateways across the United States. Forty-three percent ($851 billion) of all U.S. international freight was handled by the top 10 international freight gateways.
Many other characteristics will also be profiled for each of the top 25 U.S. international freight gateways in the upcoming BTS report. America's Freight Transportation Gateways will highlight the key gateways and border crossings for air, water, and land modes. The complete report will be available at www.bts.gov by mid-January 2005.