Cargo Volumes Fall Again in November
After a strong October, cargo volumes at the Port of Long Beach are down 3.5% due to tariffs.
Cargo volumes at the Port of Long Beach fall again in November after a healthy October. According to the latest report from the port, cargo volumes fell 3.5%, with 599,985 twenty-foot equivalent units moving through the port.
Restrictive tariffs are driving the decline in cargo volume. Imports decreases 8.3% to 293,287 TEUs, while exports were up 6.9% to 123,705 TEUs. Empty containers headed overseas decreased 1.7% to 182,992 TEUs.
Despite the bad month, the port is on track to record its second busiest year in history, down 5.2% from last year, which was the busiest year recorded.