LOS ANGELES—The Port of Long Beach is having a great year. After hiccups in the last two years, including the threat of a port shutdown in 2015 and the Hanjin Bankruptcy, which had a major affect on cargo volumes, in 2016, the port has had nothing to report but strong activity. In April, cargo volumes at the port were up 16.5% year over year, while the port is up 5.1% to date this year over last year.
“The increased activity is being handled well by Port of Long Beach terminals, rail lines, trucking companies, labor and other stakeholders,” Lee Peterson at the Port of Long Beach, tells GlobeSt.com. “We're expecting this increased activity to continue throughout the year, and the Port is well positioned to accommodate that cargo flow.”
In April, the port moved a total of 558,014 twenty-foot equivalent units, with inbound boxes numbered 288,207 and 116,260 loaded outbound TEUs during the month, up 3.1%. Empty containers returning overseas to be filled with goods jumped to 153,547 TEUs, 29.3% higher. While these numbers are great, they are in line with the port's projections. “We expected increases in cargo with the new alliance formations,” says Peterson. “So we have been seeing an increase in ship visits and likely that will continue throughout the year.” New and returning customers to the port helped to fuel numbers, including the return of Hyundai Merchant Marine and newcomer SM Line.
This cargo volume activity is expected to remain strong as the port heads into its peak season. Peterson says that they expect the year to close ahead of 2016. “Cargo volumes will likely increase throughout the year, nearly every month compared to the same month last year,” he adds. “We expect modest, but steady gains comparing 2017 to 2016.”
LOS ANGELES—The Port of Long Beach is having a great year. After hiccups in the last two years, including the threat of a port shutdown in 2015 and the Hanjin Bankruptcy, which had a major affect on cargo volumes, in 2016, the port has had nothing to report but strong activity. In April, cargo volumes at the port were up 16.5% year over year, while the port is up 5.1% to date this year over last year.
“The increased activity is being handled well by Port of Long Beach terminals, rail lines, trucking companies, labor and other stakeholders,” Lee Peterson at the Port of Long Beach, tells GlobeSt.com. “We're expecting this increased activity to continue throughout the year, and the Port is well positioned to accommodate that cargo flow.”
In April, the port moved a total of 558,014 twenty-foot equivalent units, with inbound boxes numbered 288,207 and 116,260 loaded outbound TEUs during the month, up 3.1%. Empty containers returning overseas to be filled with goods jumped to 153,547 TEUs, 29.3% higher. While these numbers are great, they are in line with the port's projections. “We expected increases in cargo with the new alliance formations,” says Peterson. “So we have been seeing an increase in ship visits and likely that will continue throughout the year.” New and returning customers to the port helped to fuel numbers, including the return of Hyundai Merchant Marine and newcomer SM Line.
This cargo volume activity is expected to remain strong as the port heads into its peak season. Peterson says that they expect the year to close ahead of 2016. “Cargo volumes will likely increase throughout the year, nearly every month compared to the same month last year,” he adds. “We expect modest, but steady gains comparing 2017 to 2016.”
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