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12-09-2018

Long Beach box volume slips 1.9pc in August, but rises 9.4pc so far this year

CONTAINER volumes at the Port of Long Beach were 1.9 per cent lower in August compared to the same month the year before.

Long Beach's volumes through the first eight months of the year stand at 5,320,930 TEU. The figure is 9.4 per cent above the pace of 2017, the port's best year ever.

A total of 679,543 TEU were moved through the port. Imports declined 3.6 per cent to 343,029 TEU. Exports increased, inching up 1.9 per cent to 119,546 TEU. Empty containers sent overseas dipped 1.1 per cent to 216,968 TEU.

August 2017 was one of the busiest months in the Port of Long Beach's 107-year history. At the time, it was the third-busiest month ever, and the mark has been exceeded three times since.

"Our port's decline in cargo over the last two months is in large part due to a realignment of ocean carrier alliance services and port calls," said port executive director Mario Cordero.

"Another factor is higher tariffs by the United States and China. Thus far, that appears to have helped increase traffic, as shippers act to beat duties imposed on goods this summer."

"The higher container volumes earlier this year showed the ability of international trade to bring prosperity and jobs to the U.S. and world economies," said Board of Harbour Commission president Tracy Egoscue.

The Port of Long Beach is one of the world's premier seaports, a gateway for transpacific trade and a trailblazer in goods movement and environmental stewardship. With 175 shipping lines connecting Long Beach to 217 seaports, the port handles $194 billion in trade annually, supporting hundreds of thousands of Southern California jobs.

Source: Schednet

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