June Cargo Volume Up for Long Beach, Down for LARelease Date: 2018-07-17
By: Shwanika Narayan
Cargo movement at the Port of Long Beach set a new record for the month of June while neighboring Port of Los Angeles saw a slight decrease in volume.
For Long Beach, June marked the “best month ever” as trade increased 14.2 percent compared to the same month last year. Imports grew 14.5 percent to 384,095 20-foot equivalent units (TEUs), exports numbered 135,168 TEUs, up 14.3 percent and empty containers shipped overseas to be refilled with goods totaled 232,926 TEUs, a 13.6 percent increase, port officials said.
Harbor Commission President Lou Anne Bynum said in a statement that the port anticipates more growth in the coming months as retailers replenishing their stocks for the holidays.
Both the ports are major trade destinations for goods coming in from the Asia-Pacific region. Mario Cordero, the executive director at the Port of Long Beach addressed the spiraling trade tensions.
Read more on the Los Angeles Business Journal