Port Of Long Beach Witnesses Cargo Shipments Dip In January

Cargo volume was down slightly in January at the Port of Long Beach, compared to the same month in 2019.

Terminal operators and dockworkers moved 626,829 twenty-foot equivalent units (TEUs) last month, down 4.6% compared to January 2019.

Imports decreased 4.3% to 309,961 TEUs, while exports dropped 7.4% to 108,624 TEUs. Empty containers sent overseas declined 3.7% to 208,244 TEUs.

Image Credits: polb.com

“The new year is starting with a new set of challenges that are impacting importers and exporters, but we remain optimistic and expect to see modest growth in 2020,” said Mario Cordero, Executive Director of the Port of Long Beach. “We are collaborating with our industry partners to focus on long-term growth, sustainability and the reliable movement of goods through the Port of Long Beach.”

“We are confident that we will grow cargo volume and market share by working together with our industry stakeholders,” said Long Beach Harbor Commission President Bonnie Lowenthal. “We remain focused on our new bridge opening later this year, a $1 billion investment in rail projects over the next decade and other projects that will deliver cargo quickly and efficiently.”

For the latest monthly cargo numbers, click here.

Reference: polb.com

Source: Maritime Shipping News