- Cargo shipments at the Port of Long Beach experienced a significant surge.
- Import volumes surged by 29.4% to 329,850 TEUs.
- The movement of empty containers through the port witnessed a significant increase.
Consumer Confidence Boost
Cargo shipments at the Port of Long Beach experienced a significant surge in February, attributed to growing consumer confidence, reports POLB.
Market Share Expansion
Efforts to regain market share have contributed to the notable increase in cargo movement through the port.
Cargo Movement Statistics Total Cargo Volume
In February 2024, the Port of Long Beach handled 674,723 twenty-foot equivalent units (TEUs), marking a substantial increase of 24.1% compared to February 2023.
- Imports: Import volumes surged by 29.4% to 329,850 TEUs.
- Exports: Conversely, export volumes saw a decline of 21.1%, amounting to 87,474 TEUs.
Empty Containers
The movement of empty containers through the port witnessed a significant increase of 44.8%, totaling 257,400 TEUs.
Insights from Port Officials: Customer Service Impact
Mario Cordero, CEO of the Port of Long Beach, attributed the growth to top-notch customer service and ongoing initiatives to attract business to the West Coast.
Workforce Contribution
Bobby Olvera Jr., President of the Long Beach Harbor Commission, emphasized the role of the highly skilled workforce in achieving consistent year-over-year increases in cargo volume for the past six months.
Investment in Infrastructure
Cordero highlighted ongoing investments in infrastructure projects aimed at enhancing competitiveness and sustainability for the port in the long term.
Year-to-Date Performance: Total Cargo Handling
Cumulatively, the Port of Long Beach has moved 1,348,738 TEUs during the first two months of 2024, reflecting a robust increase of 20.7% compared to the same period in 2023.
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Source: POLB
