LONG BEACH, CA-Container trade volume at the Port of Long Beach dipped in August compared to the same period a year ago, which the Port says “reflects a general weakness in the economy.” Imports were down 14.2% from August of last year, and exports were down 3.8%.
Port terminals handled 535,929 twenty-foot equivalent container units last month, compared to 611,002 TEUs in August 2010 when the Port reached a peak for imports containers since November 2007, according to a statement from the Ports. Overall, August container traffic was down 12.3% compared to the same period a year ago.
“After experiencing record gains in 2010 and continued growth in the earlier part of the year, trade volumes have declined at the Port as importers and retailers take a more cautious approach going into the holiday season,” says the prepared statement. “Calendar year to date, imports are up 1.8% and exports are up 2.6%.
For August, import containers accounted for 267,198 TEUs compared to 311,240 TEUs in the same period last year. Export containers hit 121,277 TEUs compared to 126,039 TEUs in August 2010. Empty container moves were down 15.1% to 147,454 TEUs. Most empty containers are bound overseas.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
