The Port of Long Beach saw cargo movement fall 4.6 percent last month compared to January 2019 according to numbers released Wednesday. The port handled 626,829 TEUs, including 309,961 imported TEUs and 108,624 exported TEUs. When compared to the same period last year, imports were down 4.3 percent and exports fell 7.4 percent. Empty containers also dropped 3.7 percent to 208,244 TEUs.
“The new year is starting with a new set of challenges that are impacting importers and exporters, but we remain optimistic and expect to see modest growth in 2020,” said Port Executive Director Mario Cordero. “We are collaborating with our industry partners to focus on long-term growth, sustainability and the reliable movement of goods through the Port of Long Beach.”
The port is confident that it will grow cargo volume and market share by working together with industry stakeholders, said Long Beach Harbor Commission President Bonnie Lowenthal.
“We remain focused on our new bridge opening later this year, a $1 billion investment in rail projects over the next decade and other projects that will deliver cargo quickly and efficiently,” she said.