Strong June Long Beach
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The Port of Long Beach is the second-busiest container port in the United States and it is a major gateway for US-Asian trade. It was ranked as the number one container port in the Western Hemisphere (2000-2020) and handled 9.2 million twenty-foot equivalent units (TEUs) in 2020. However, during the pandemic we saw the Port of Long Beach back up and slow down significantly. Now that the country has opened back up we are seeing that consumers are warming back up in terms of spending. Just in time for summertime recreation and entertainment.
According to DC Velocity cargo volume through the Port of Long Beach rose 20% year-over-year in June. As mentioned before this is due to the strong and increasing e-commerce activity. The port moved 724,297 TEUs during the month of June, with imports rising nearly 19% and exports relatively flat. Empty containers moved through the port jumped 36% to 250,249 TEUs.
Experts anticipate that this busy summer will drive much of the cargo movement through the rest of this year. Long Beach Harbor Commission President Frank Colonna said, “We’re optimistic that this is shaping up to be one of our business years on record as we continue to overcome the challenges related to COVID-19. We will continue to collaborate with our waterfront workers and industry partners to move cargo quickly and efficiently through the supply chain during this time of ongoing economic recovery.”
If there is a lot of activity going on at the Port of Long Beach that is a good sign for our economy. If the port is doing well the economy is doing well. Hopefully, this rising activity and increased movement at the ports continues as the summer progresses.
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