The Port of Long Beach has reported its busiest September ever, with cargo volumes increasing by 11.8% compared to the same period last year. This is the first monthly year-over-year cargo increase for the port in 14 months.
The increase was driven by high consumer demand for holiday-related goods, as well as the recent approval of a labor agreement between dockworkers and management.
Import volumes experienced significant growth, rising by 19.3%, while exports saw a decline of 10.3%. Empty containers moving through the Port also increased by 11.5%.
“Consumer confidence is on the rise and shippers can rely on the Port of Choice now that we have a ratified contract in place with our waterfront workforce,” said Port of Long Beach CEO Mario Cordero. “We look forward to a moderate rebound in cargo volume through the end of the year.”
Although the overall cargo volume for the first nine months of 2023 is down 20.7% compared to the same period last year, it is worth noting that this year’s cargo volume is on par with pre-pandemic levels. In fact, the Port of Long Beach handled over 5.7 million TEUs through September 2019.
Additionally, between July 1 and September 30, the Port processed 2,089,990 TEUs, representing a 10.5% decrease compared to the third quarter of 2022.
Overall, the Port of Long Beach is optimistic about the remainder of 2023 and expects to see continued growth in cargo volume.
Source: gcaptain.com