Port of Long Beach sets record for October cargo

Port of Long Beach sets record for October cargo

Posted By : STAT Times 10-11-2017 00:00:00

November 10, 2017: Cargo volume continues to break record at the Port of Long Beach, which moved 15 percent more containers in October compared to the same month a year ago.

According to industry sources, trade has been growing rapidly in 2017. October set the record at 669,218 twenty-foot-equivalent units (TEUs), which is one of the port’s strongest all-time results.

“October used to be the industry’s busiest month of the year, with retailers preparing for Christmas,” said Port of Long Beach Executive Director Mario Cordero.

“Now, with other popular shopping seasons like back-to-school, Halloween and Black Friday, ocean carriers are spreading shipments across more months to maximize the services we have developed to serve them,” he said.

Other the other hand, inbound containers destined for retailers jumped 14.3 percent to 339,013 TEUs. Further, export boxes decreased slightly, 0.5 percent, to 126,150 containers. Interestingly, empty containers sent overseas to be refilled with goods surged 28.9 percent, to 204,055 TEUs.

“By taking a long view of our finances and embarking on a $4 billion modernization Capex—the largest of any US seaport, we have positioned the Port of Long Beach to be one of the most attractive and dependable gateways,” said Harbor Commission President Lou Anne Bynum.

Related Posts:- Shipping