Port of Long Beach sees decline in cargo volume in February

<p style="text-align: justify;">Mar 10, 2017: Port of Long Beach has seen lower container volumes in February due to reduced economic activity in Asia associated with the Lunar New Year.</p> <p style="text-align: justify;">The overall traffic totaled 498,311 twenty-foot equivalent units (TEUs), that represents a decline of 11.2 percent compared to the same month last year, the […]

Port of Long Beach sees decline in cargo volume in February
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<p style="text-align: justify;">Mar 10, 2017: Port of Long Beach has seen lower container volumes in February due to reduced economic activity in Asia associated with the Lunar New Year.</p>
<p style="text-align: justify;">The overall traffic totaled 498,311 twenty-foot equivalent units (TEUs), that represents a decline of 11.2 percent compared to the same month last year, the highest-volume February in Port history. Cargo in February 2016 increased 35.9 percent year-over-year.</p>
<p style="text-align: justify;">The Lunar New Year holiday began <span data-term="goog_2082719756">January 28</span>, almost two weeks earlier than in 2016. The Lunar New Year typically results in slower trade since businesses in China — the Port’s primary trading partner — close for a week or more to observe the holiday. The impact on the Port is seen two weeks afterwards, accounting for the time it takes vessels to cross the Pacific.</p>
<p style="text-align: justify;">Import containers were down 15.6 percent in February to 249,759 TEUs. Exports were slightly lower, 119,811 TEUs, off 2.6 percent. Empty containers sent from Long Beach docks totaled 128,742 TEUs, a decrease of 9.7 percent.</p>
<p style="text-align: justify;">More than 1 million containers have moved through the <a title="Port of Long Beach" href="http://www.polb.com/" target="_blank" rel="noopener noreferrer">Port of Long Beach</a> in the first two months of 2017.</p>
<p style="text-align: justify;">With 175 shipping lines connecting Long Beach to 217 seaports, the Port handles $180 billion in trade annually, supporting hundreds of thousands of Southern California jobs.</p>

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