Port of Long Beach sees 1.5 percent surge in cargo throughput in Q1 2017

Port of Long Beach sees 1.5 percent surge in cargo throughput in Q1 2017

Posted By : STAT Times 13-04-2017 00:00:00

Apr 13, 2017: The Port of Long Beach had a modest boost in cargo during the first quarter of the year, with overall throughput increasing 1.5 percent compared to the same period a year ago. All segments of containerised cargo grew year-over-year in the first quarter of 2017, as imports climbed 2.1 percent, exports 0.4 percent and empties 1.5 percent.

Containers arriving in Long Beach with goods bound for US consumers spiked 20.2 percent in March compared to the same month in 2016, pushing the Port to its best first quarter since 2007.

Dockworkers offloaded 249,534 twenty-foot equivalent units (TEUs) from vessels in March. Shipments to overseas markets continue to face challenges due to the strong dollar, as exports decreased 5.3 percent, to 120,435 TEUs. Empties numbered 135,413 containers, up 4.2 percent. In total, the Port of Long Beach moved 505,382 TEUs last month — an 8.7 percent increase.

"We’re happy to see these gains during the traditionally slow period of the year," said Lori Ann Guzmán, president, Long Beach Harbor Commission.

"We see a lot of upside for the remainder of 2017 as we expand our partnership with the world’s second-largest line, Mediterranean Shipping Co, add new business and strengthen our relationships with our partners."

"The rise in imports coming through Long Beach shows that consumers are feeling optimistic," said Duane Kenagy, interim chief executive, Port of Long Beach.

"Since their spending drives more than two-thirds of the economy, this is a great indicator for the jobs that depend on our Port as we head into the busiest trading months of the year."

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