Port Finance International Events - covering global port developments

Search site

RSS
Friday, 12 February 2016

Port of Long Beach Continues Cargo Gains as 2016 Gets Underway

Long Beach sees seven straight months of container growth

The Port of Long Beach kicked off the New Year by logging its seventh straight month of cargo increases, showing a 24.8 percent jump in container shipments over the same month last year.

Port of Long Beach terminals moved 536,188 TEUs (twenty-foot equivalent units, the industry unit of measurement) last month. Imports were up 30.3 percent to 278,491 TEUs. Exports saw an increase of 8.4 percent to 106,739 container units. Empty containers rose 28.6 percent year over year, to 150,958 TEUs. Empty containers that were filled with items for post-holiday sales were sent back overseas to be reloaded with goods.
 
Long Beach continues to demonstrate its strength as the seaport of choice for trans-Pacific trade based on the Port’s compelling value proposition – being the shortest, fastest and most cost effective gateway for multi-modal movement of goods from Asia to America’s major consumer markets.

“We are encouraged by the strong start to the year, which stands in stark contrast to the congestion we faced a year ago,” said Port of Long Beach CEO Jon Slangerup. “Our January results are another indicator that the hard work by our entire Port team – our customers, employees, business partners and key community stakeholders – continues to deliver superior results. We are off to a solid start in 2016 and will continue to make the necessary strategic investments in capital, energy and innovative solutions to ensure that Long Beach remains the port of choice for international trade.”
 
With an ongoing $4 billion program to modernize its facilities this decade, the Port of Long Beach is building the Port of the Future by investing in capital and service improvements that will bring long-term, environmentally sustainable growth, and maintain its competitive advantage as the fastest route from Asia to anywhere in North America.

For all the latest monthly cargo numbers, click here.
 
For more details on the cargo numbers, please visit www.polb.com/stats.

Press release 11 February 2016

ABOUT US

Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

Follow us

Newsletter

Sign up for our free newsletter