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

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.