Image: Port of Long Beach
A change in customer costs in the direction of experiences instead of items might benefit the cruise ship sector, however possibly not a lot for container activities via ports. The Port of Long Beach points out “a shift in consumer spending to travel, entertainment and other experiences” as adding a loss in freight quantities it tape-recorded in July.
The port relocated 578,249 twenty-foot comparable devices (TEUs) in July, down 26.4% from July 2022, which was the port’s busiest July on document. Imports decreased 27.9% to 271,086 TEUs, while exports reduced 17.6% to 90,134 TEUs. Empty containers relocating via the port were down 27.7% to 217,030 TEUs.
“I am confident we will see our numbers improve as we work with industry partners to rebuild our market share,” stated Port of Long Beach CHIEF EXECUTIVE OFFICERMario Cordero “Looking ahead in the near term however, we anticipate a modest ‘peak season’ for shipping as consumers spend a little less this year on back-to-school supplies and gifts through the holiday season.”
“Our facilities, longshore labor, marine terminal operators and all of our industry partners continue to make this the premier gateway for trans-Pacific goods movement,” statedLong Beach Harbor Commission President Bobby Olvera Jr “We are ready for a rebound in cargo volume based on our ability to move cargo reliably, quickly and sustainably.”
The port has actually relocated 4,310,925 TEUs throughout the very first 7 months of 2023, down 25.6% from the exact same duration in 2014. Cargo circulations are currently closer to pre-pandemic degrees, when the Port of Long Beach relocated 4.3 million TEUs via the very first 7 months of 2019.
- Complete freight numbers HERE
