THE US port of Long Beach handled a record 8,000,929 TEU in fiscal year 2018 that ended on September 30, representing a year-on-year increase of 10
THE US port of Long Beach handled a record 8,000,929 TEU in fiscal year 2018 that ended on September 30, representing a year-on-year increase of 10.7 per cent. Last month the port moved 701,204 TEU, marking the second busiest September in the port's 107-year history. 'We are poised to break our calendar year record at the end of December,' said port executive director Mario Cordero. 'Despite the tariffs imposed by Washington and Beijing international trade is showing resilience and at our port we are providing a conduit for commerce that's efficient for our customers and getting their cargo to destinations faster, saving them money.'
September's total volume was flat, with a marginal decrease of 0.1 per cent compared to September 2017. Imports decreased 2.5 per cent to 357,301 TEU, exports were down three per cent to 121,561 TEU, while empties rose by 5.9 per cent to 222,343 TEU.
With 175 shipping lines connecting Long Beach to 217 seaports, the port handles US$194 billion in trade annually and supports hundreds of thousands of jobs in southern California.
