Long Beach Port Cargo Volumes Dip in August
The Port of Long Beach last month had the fifth-busiest August in its 108-year history. However, the total of 663,992 twenty-foot equivalent units (TEUs) were handled in August, 2.3% less than a year ago.
Imports slid 5.9% to 322,780 TEUs, exports rose 4.5% to 124,975 TEUs and empty containers sent overseas for use in the global supply chain decreased 0.3% to 216,238 TEUs.
Long Beach volumes after the first eight months of 2019 are 4,971,407 TEUs, 6.6% down from last year’s record pace.
“These results are strong for any North American seaport, but lag behind our record high numbers last year, when retailers shipped goods to beat expected tariffs,” said Port of Long Beach Executive Director Mario Cordero.
“We are still on track for one of our busiest years ever and our focus remains on delivering efficiency and reliability as we await the swift resolution of the U.S.-China trade dispute,” Cordero added.
“International trade has continued and will continue to evolve,” said Long Beach Harbor Commission President Bonnie Lowenthal. “Our focus as policy makers for the Port must be long-term, and our future as the primary gateway for trans-Pacific commerce remains very positive. We are investing billions in efficient and sustainable cargo movement to serve the needs of the supply chain today and decades from now.”