Port Of Long Beach Cargo Volumes In May Fall Compared To Last Year

Port of Long Beach cargo volumes in May fell compared to a year ago when a historic high was set for the month. A variety of factors are combining to impact international trade, according to Port of Long Beach Executive Director, Mario Cordero.

POLB Representation
Image Credits: polb.com

“One year into the trade war, escalating tariffs have pushed retailers to order goods early, warehouses are brimming with inventory as a result, and in response, ocean carriers are managing their vessels
to deal with reduced demand,” Cordero said. “We are hopeful Washington and Beijing can resolve their differences before we see long-term changes to the supply chain that impact jobs in both nations.”

A total of 573,623 twenty-foot equivalent units (TEUs) moved through the Port in May, 16.6% down compared to the same month in 2018. Imports decreased 19.5% to 290,568 TEUs. Exports declined 15.3% to 120,577 TEUs, while empty containers sent overseas dipped 11.7% to 162,479 TEUs.

Calendar year to date, the Port has handled more than 3 million containers, 6% fewer than the same point in 2018.

Reference: polb.com

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