Port of Long Beach cargo volume up by 22.8 percent in August 2015
For the second month in a row, the Port of Long Beach broke its own record for cargo volume in its 104-year history. Overall cargo volume grew by 22.8 percent in August compared to the same month last year.
Cargo volume, measured by the number of containers moving through the Port, reached 703,652 twenty-foot equivalent units (TEUs). The amount beats July’s cargo volume and marks two consecutive months of record-breaking volumes. A total of 1,393,896 TEUs moved through the Port of Long Beach in July and August.
As consumer confidence grows, the dollar strengthens and retailers stock shelves, the Port of Long Beach’s strategic partnerships continue to yield positive results. Through the first eight months of 2015, Long Beach cargo numbers are growing faster than the overall economy and are up 5.4 percent compared to the first eight months of 2014.
Not only did imports climb to 358,262 TEUs, or a 19.1 percent increase over last year, but exports grew 9.4 percent to 138,765 TEUs. Empty containers, meanwhile, rose 42.1 percent with 206,625 TEUs.
