Trade at the Port of Long Beach experienced a slowdown in June as retailers focused on clearing out their warehouses, according to officials. Last month, dockworkers and terminal operators moved 597,076 twenty-foot equivalent units (TEUs), which marked a 38.5% decrease compared to June 2022, the busiest June in the port’s history. Imports declined by 274,325 TEUs, or 34%, while exports saw an 18% decline to 94,508 TEUs. The movement of empty containers also dropped by 25% to 228,243 TEUs.
“We have high hopes of gaining a larger market share,” stated Mario Cordero, the CEO of the Port of Long Beach. “We remain confident that our reliability, efficiency, and exceptional service will attract more trade and economic activity to our port.”
Economists note that consumer spending surpassed expectations in the first half of 2023, but it is expected to stabilize for the remainder of the year, according to port officials. In total, the port handled around 3.7 million TEUs in the first half of 2023, which is a 25.5% decrease compared to the same period last year.
“We are continuously collaborating with our industry partners to increase cargo volume and set higher standards for sustainable operations,” said Sharon Weissman, the president of the Long Beach Harbor Commission. “Our highly skilled workforce, ongoing infrastructure projects, and environmental programs make us the top choice for a port.”
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