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Monday, October 15, 2018

Maritime Logistics Professional

October 9, 2018

Long Beach Moves 8 Mln TEUs in Fiscal Year

The Port of Long Beach closed out the 2018 fiscal year having handled 8,000,929 twenty-foot equivalent units (TEUs) during the previous 12 months, the most ever, representing a 10.7 percent increase over fiscal year 2017. The port's fiscal year is October 1 to September 30.

“We are poised to break our calendar year record at the end of December,” said Port of Long Beach Executive Director Mario Cordero. “Despite the tariffs imposed by Washington and Beijing, international trade is showing resilience, and at our port we are providing a conduit for commerce that’s efficient for our customers and getting their cargo to destinations faster, saving them money.”

“The Port of Long Beach moved 701,204 TEUs last month, the second-busiest September in our 107-year history,” said Long Beach Harbor Commission President Tracy Egoscue.

September’s total volume was flat, with a slight decrease of 0.1 percent compared to September 2017. Imports decreased 2.5 percent to 357,301 TEUs compared to the previous year. Exports were down 3 percent to 121,561 TEUs, while empties increased 5.9 percent, to 222,343 TEUs.

Mario CorderoPort of Long BeachTracy Egoscue