- The Port of Long Beach experienced a continuation of cargo growth.
- This growth led to robust consumer demand, emphasizing its role in driving trans-Pacific trade through the gateway.
- They are providing efficient, reliable, and sustainable cargo movement.
Strong Consumer Demand Drives Increase in Trade for Seventh Consecutive Month In March, the Port of Long Beach experienced a continuation of cargo growth fueled by rising consumer demand, marking the seventh consecutive month of year-over-year increases, reports POLB.
Cargo Volume
Dockworkers and terminal operators handled 654,082 twenty-foot equivalent units (TEUs) last month, reflecting an 8.3% surge from March 2023.
Import volumes grew by 8.4% to reach 302,521 TEUs, while exports experienced a decrease of 21.3% to 105,099 TEUs. Notably, empty container movements through the Port saw a significant rise of 28.9%, totaling 246,464 TEUs.
Impact of Consumer Confidence
Port of Long Beach CEO, Mario Cordero, attributes this growth to robust consumer demand, emphasizing its pivotal role in driving trans-Pacific trade through the gateway.
Infrastructure Development
Cordero highlights the port’s commitment to infrastructure development, aiming to facilitate strategic and sustainable trade growth.
Job Creation and Service Excellence
Long Beach Harbor Commission President, Bobby Olvera Jr., underscores the importance of steady cargo flows in sustaining jobs for the port’s dedicated workforce. He reiterates the port’s commitment to providing efficient, reliable, and sustainable cargo movement while prioritizing outstanding customer service.
Quarterly Performance
The Port of Long Beach has handled a total of 2,002,820 TEUs during the first quarter of 2024, reflecting a significant increase of 16.4% compared to the same period in 2023.
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Source: POLB
