Tariffs Impact Port Cargo Volumes
Despite the decrease in cargo volumes at the Port of Long Beach, October was among the top performing month.
Despite the strong performance, the tariffs and trade disputes are impacting the port’s activity. The Port moved 6,366,787 TEUs during the first 10 months of 2019, 5.4% down from last year’s record-setting pace.
Exports lead the activity, increasing 9.8% this year, while imports dipped 7.4% to 337,062 TEUs. Empty containers delivered overseas to be filled with goods decreased 0.8% to 219,728 TEUs.