Long Beach Breaks Fiscal Year Record
The Port of Long Beach has announced an overall throughput volume of 8 million TEU for the fiscal year 2018, representing a 10.7% increase compared to 2017.
The total throughput for FY 2018, which ran from October 1, 2017, to September 30, 2018, is a record for the Port of Long Beach, one of the world’s largest seaports.
The record was achieved despite a flat volume in September, with TEU volume slightly down by 0.1% compared to September 2017.
Imports and exports also decreased by 2.5% and 3% respectively, when judged against the previous year.
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Mario Cordero, Port of Long Beach Executive Director, made a statement: “We are poised to break our calendar year record at the end of December.
“Despite the tariffs imposed by Washington and Beijing, international trade is showing resilience, and at our Port we are providing a conduit for commerce that’s efficient for our customers and getting their cargo to destinations faster, saving them money.”
Tracy Egoscue, Long Beach Harbour Commission President, added: “The Port of Long Beach moved 701,204 TEUs last month, the second-busiest September in our 107-year history.
“That's a good thing for our economy. Trade flowing through the Port of Long Beach supports 1.4 million jobs across the United States, including more than 300,000 jobs in Southern California.”