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Trade News

March 14, 2018

Long Beach container volume jumps ahead of East Asian Holiday

The Port of Long Beach announced that its remarkable start to 2018 continues with a historically high in cargo volume for February, following a record January.

In the month of February 661,790 twenty-foot equivalent units (TEUs) moved through the Port, a 32.8 percent increase compared to last February. It's the first time Long Beach terminals have handled more than 600,000 cargo containers in the month.

Imports climbed 37 percent last month to 342,247 TEUs. The Port handled 130,916 outbound containers, up 9.3 percent. The flourishing import market drove up the number of empty containers needed overseas, rising by 46.5 percent to 188,628 TEUs.

Port of Long Beach Executive Director Mario Cordero said the volumes reinforce a recent trend of ocean carriers shipping a steadier flow of cargo, noting that a decade ago, February's results would have qualified as one of the biggest months of the year.

"A month like this is now the new normal," Cordero said. "We expect a lull in March as East Asian nations celebrate the Lunar New Year holiday, and then a rebound in April. We're very happy with our busy start to 2018."

Source: Port of Long Beach