September 2019 was the busiest September in the Port of Long Beach's long history. Cargo volumes increased last month with the port moving almost 707,000 TEUs, .8% over the same time last year.
Imports were down 0.7% to 354,919 TEUs, while exports were up 1.4% to 123,215 TEUs. Empty containers moved out of the United States to be reused in the global supply chain rose 2.9% to 228,822 TEUs.
While the port had a strong month, cargo volumes are treading down overall. During the third quarter, the port processed 1.99 million TEUs. The pace was 3.7% down from third quarter 2018, a year when the Port was well on its way to an annual total of 8.1 million TEUs, an all-time high. Through September, cargo volumes have decreased 5.7%, compared to the first nine months of 2018.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
