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September 12, 2018
Port of Long Beach saw cargo dip in August
Container volumes at the Port of Long Beach were 1.9 percent lower in August compared to the same month the year before.
The Port Administration says a total of 679,543 twenty-foot equivalent units (TEUs) were moved through the Port. Imports declined 3.6 percent to 343,029 TEUs. Exports increased, inching up 1.9 percent to 119,546 TEUs. Empty containers sent overseas dipped 1.1 percent to 216,968 TEUs.
Long Beach's volumes through the first eight months of the year stand at 5,320,930 TEUs. The figure is 9.4 percent above the pace of 2017, the Port's best year ever.
"Our Port's decline in cargo over the last two months is in large part due to a realignment of ocean carrier alliance services and port calls," said Port of Long Beach Executive Director Mario Cordero. "Another factor is higher tariffs by the United States and China. Thus far, that appears to have helped increase traffic, as shippers act to beat duties imposed on goods this summer."
Source: Port of Long Beach
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