13-07-2017

Long Beach June volume up 9.2pc to 658,000 TEU as imports rise 7pc

LB

THE Port of Long Beach posted a 9.2 per cent year-on-year increase in container throughput in June to 658,000 TEU, making it the second best June in history.

Imports grew seven per cent to 335,328 TEU, while exports fell 7.7 per cent to 118,304 TEU with empties up 26.8 per cent to 205,095 TEU. 

"These are good results as we move into the busiest trade months of the year," said Harbour Commission president Lori Ann Guzman. "The US dollar remains strong and retailers are stocking back-to-school merchandise and other goods American consumers are purchasing."

Second quarter throughput rose 8.3 per cent year on year to 1.9 million TEU. "It's good to see evidence of confidence in our port," said the new port executive director Mario Cordero. 

Through the first half of 2017, throughput grew 5.1 per cent compared to the same 2016 period with total volume coming to 3.5 million TEU. 

But for the fiscal year, starting October 1, the volume was down 0.1 per cent to 5.11 million TEU during the nine-month period.

Source: Schednet

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