LONG BEACH SURPASSES 8 MILLION TEUS IN FISCAL 2018

The Port of Long Beach handled 8,000,929 TEUs in the fiscal year 2018 from October 1, 2017 to September 2018, setting a new record.

 

Self Photos / Files - POLB PCTAccording to the port, the performance represented a year-on-year growth of 10.7%.

 

“We are poised to break our calendar year record at the end of December,” said Mario Cordero, executive director of the Port of Long Beach. “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.”

 

Long Beach moved 701,204 TEUs in September 2018, which was a 0.1% year-on-year decrease but still made it the second-busiest September in the port’s 107-year history.

 

“That’s a good thing for our economy,” said Tracy Egoscue, president of the Long Beach Harbor Commission. “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.”

 

The Port of Long Beach is connected to 217 seaports by 175 shipping lines and handles US$194 billion in trade annually.