Port of Long Beach breaks ground on US$1.5b Pier B rail facility
NewsThe Port of Long Beach broke ground on the Pier B On-Dock Rail Support Facility that is set to more than triple the port’s on-dock rail capacity by 2032.
The Port of Long Beach recorded its most busiest July as retailers stocked up on goods headed into the peak shipping season.
It was a busy July for the Port of Long Beach as rising cargo volumes pushed it to its busiest July on record, marking the third-busiest month in its 113-year history. Dockworkers and terminal operators handled 882,376 TEU) up 52.6% from the same month last year which was hit by a prolonged summer lull. Specifically, last year’s figures were impacted by a trade dip as consumer spending shifted to travel and entertainment.
The port said that its imports climbed 60.5% to 435,081 TEU, exports increased by 16.3% to 104,834 TEU, and empty containers moved through the port rose 57.8% to 342,462 TEU.
“We’re in a strong position heading into the peak shipping season as consumers purchase back-to-school supplies and shippers move goods ahead of potential tariff increases,” said Port of Long Beach CEO Mario Cordero. “We have plenty of capacity across our terminals and cargo continues to move efficiently and sustainably at this premier gateway for trans-Pacific trade.”
“Our waterfront workforce continues to move trade through the Port at a record-setting pace,” said Long Beach Harbor Commission President Bonnie Lowenthal. “Our strong partnerships with labour and industry continue to help us meet the evolving needs of our customers.”
The port has moved 5,174,002 TEU during the first seven months of 2024, up 20% from the same period last year. That being said, the port’s container trade in 2023 saw the lowest yearly total when compared to the previous three years standing at 8.0 million TEU, down from 9.1 million TEU in 2022 and 9.3 million TEU in 2021.
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