
Port of Long Beach Cargo Volumes Dip in August
New ship-to-shore cranes, efficient in managing 22,000 TEU vessels, reached Total Terminals International Pier T inAugust Photo politeness Port of Long Beach
The Port of Long Beach claimed freight quantities in August glided greater than 2 percent contrasted to a year ago in the middle of the on-going united state-China profession battle.
The Port of Long Beach on Thursday reported that it took care of a complete 663,992 twenty-foot equal devices (TEUs) in August, down 2.3% contrasted to August 2018 and also noting the fifth-busiest August in the port’s 108-year background.
Imports glided 5.9 percent to 322,780 TEUs, exports climbed 4.5 percent to 124,975 TEUs and also vacant containers sent out overseas for usage in the worldwide supply chain lowered 0.3 percent to 216,238 TEUs, according to the port.
Long Beach quantities after the initial 8 months of 2019 are 4,971,407 TEUs, down 6.6 percent from in 2014’s document rate.
“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,” claimed Port ofLong 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.”
“International trade has continued and will continue to evolve,” claimedLong 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.”
Earlier today, the bordering Port of Los Angeles reported a 4.2 percent boost in the quantity of freight it took care ofAugust Despite the boost, nonetheless, Port of Los Angeles Executive Director Gene Seroka, asked for an to the profession battle as importers race to defeat tolls on Chinese items.
“The final months of 2018 ended with an extraordinary influx of imports to beat expected tariffs on China-origin goods,” Seroka claimed. “We don’t expect to see those kind of volumes in the months ahead. We need a negotiated settlement of the U.S.-China trade war to restore global trade stability.”