Port of Long Beach Breaks Cargo Volume Record Again in August

Another document on the Port of Long Beach as cargo quantity as soon as once more breaks its all-time cargo quantity document for the second month in a row.

The Port of Long Beach reported this week that within the month of August, container throughput on the port reached 703,652 twenty-foot equal models (TEUs), a 22.8% improve in comparison with final 12 months and the very best one month cargo quantity ever in its 104-year historical past.

The quantity beats July’s cargo quantity and marks two consecutive months of record-breaking volumes. A complete of 1,393,896 TEUs moved by way of the Port of Long Beach in July and August.

The Port of Long Beach attributes the expansion to rising shopper confidence, a strengthening greenback and retailers stocking cabinets. Through the primary eight months of 2015, Long Beach cargo numbers are rising sooner than the general financial system and are up 5.4 % in comparison with the primary eight months of 2014.

“Our partners once again have expressed their confidence in the Port of Long Beach and we thank them for their business,” stated Port of Long Beach CEO Jon Slangerup. “We have been working with all our stakeholders and the results are our best month ever.”

Not solely did imports climb to 358,262 TEUs, or a 19.1 % improve over final 12 months, however exports grew 9.4 % to 138,765 TEUs. Empty containers, in the meantime, rose 42.1 % with 206,625 TEUs.

The Port of Long Beach is at present investing $4 billion in enhancements to organize for even additional development. In 2016, the Port of Long Beach is anticipated to overhaul neighboring Los Angeles as prime container transport gateway within the nation.