The Port of Long Beach in California recently announced they had reached a record number of cargo volume for the month June 2018, the highest in their in 107-year history.
The Port experienced a 14.2% increase in trade for the month of June, compared to the same month last year. The terminals at the port handled 752,188 twenty-foot equivalent units (TEUs), an increase of 4.4% on their previous best month recorded in July 2017.
Over the month of June, the Port handled close to 4 million TEUs, a 14.5% increase on the pace set last year. Due to the substantial increase in June, the Port also claimed their best second quarter with dockworkers processing nearly 2.1 million TEUs a 10% increase on the same quarter last year. The previous record was set 12 years ago in 2006.
Executive Director for the Port of Long Beach, Mario Cordero said, “We are on track to beat our historic pace from 2017, the domestic and global economies are good, which is why we’re seeing all of this activity. Certainly, the escalating trade tensions have everyone in the industry concerned, but we’re going to continue to provide excellent customer service and fulfil our mission of facilitating commerce.”
Lou Anne Bynum, Harbor Commission President said, “We’re pleased to see cargo moving efficiently, even as record volumes continue. With the Port getting ready to enter the peak season and retailers replenishing their stocks for the holidays, it’s great to see these volumes and the smooth flow of goods.”
For the month of June, imports increased by 14.5% to 384,095 TEUs, while export TEUs numbered 135,168, reflecting an increase 14.3 percent. TEUs that were shipped overseas empty to be replenished totalled 232,926, an increase of 13.6%.
The port located in California is considered one of the leading seaports in the world and a gateway for TransPacific trade.