Port of Long Beach Sees Record Box Numbers in August
The Port of Long Beach, bruised by vexing terminal congestion issues and labor strife over the past year, is making an epic comeback with overall container cargo volume in August soaring by 22.8 percent, compared to the same month in 2014.
The showing marks the second month in a row Long Beach has seen a major climb in box volume with the August figures shattering the port’s own 104 year record for cargo volume.
“As consumer confidence grows, the dollar strengthens and retailers stock shelves, the Port of Long Beach’s strategic partnerships continue to yield positive results,” the port said in a statement. “Through the first eight months of 2015, Long Beach cargo numbers are growing faster than the overall economy and are up 5.4 percent compared to the first eight months of 2014.”
Cargo volume in August reached 703,652 twenty-foot equivalent units (TEUs) bringing the July-August total to a total of 1,393,896 TEUs moved through the port’s terminals.
According to the statement, not only did imports climb by 358,262 TEUs, or a 19.1 percent increase over last year, but exports grew 9.4 percent to 138,765 TEUs. Empty containers, meanwhile, rose 42.1 percent with 206,625 TEUs.
“Our partners once again have expressed their confidence in the Port of Long Beach and we thank them for their business,” said Port of Long Beach CEO Jon Slangerup.
“We have been working with all our stakeholders and the results are our best month ever,” he said. “We’re building the port of the future by investing $4 billion in improvements because as the economy grows, we will grow.”
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