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Long Beach Port Cargo Volumes Surge 30%

For the second month in a row, the Long Beach Port has seen record-breaking cargo volumes, surpassing the historically high 2017 numbers.

Port of Long BeachThe Port of Long Beach has been experience tremendous increases in cargo volumes. In 2017, the port had an overall increase of 11% in cargo volumes for the year, and the momentum has remained in the start of 2018 with two record-breaking months in a row. In February, cargo volumes at the port increased 30%. At least a portion of the bump can be attributed to advance activity before the Lunar New Year, when Asian carriers will break for the holiday. Still, the extreme increases show strong momentum at the port largely due to a growing economy, according to officials.

“The shipping increase prior to the Lunar New Year holiday is common, and this one was particularly busy for the Port of Long Beach,” Lee Peterson of the Port of Long Beach tells GlobeSt.com, adding that the economy is also a factor in the recent increases. “The record-breaking cargo volume for the first two months is due to the fact that the economy is accelerating and we are seeing retailers and consumer feeding the demand.”

Unsurprisingly, import activity drove the increased volumes, up 37% for the month with 342,247 TEUs. Exports, however, also saw increase for the month, up 9.3% with 130,916 outbound containers. These are significant increases, and likely part of a larger trend of ocean carriers shipping steady flows of cargo. Even for the port, however, these number exceed expectations. “We have been expecting to see higher rates of cargo in what had been the “non-peak season” months like January and February, so this is not totally unexpected,” says Peterson. “It’s great to see the record levels on top of that.”

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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