Port of Long Beach Posts YOY Cargo Growth in February

A COSCO container ship at the Long Beach Container Terminal. Photo: Mark Nero.

The Port of Long Beach saw a 24.1% year-over-year growth in overall cargo volumes last month with 674,723 TEUs, according to data released March 13 by the port.

Imports rose 29.4% to 329,850 TEUs while exports tumbled 21.1% to 87,474 TEUs last month compared to February 2023. Meanwhile, empties spiked 44.8% to 257,400 TEUs year over year.

During the two months of 2024, Long Beach processed 1,348,738 TEUs, about 20.7% more than the first two months of 2023, the data show.

The port is attributing “cooling inflation, rising consumer confidence and an ongoing effort to recapture market share boosted cargo shipments” as factors for the improved numbers.

“Our top-notch customer service and ongoing efforts to attract business back to the West Coast are paying off,” port CEO Mario Cordero said. “We continue to invest in infrastructure projects that will keep us competitive and sustainable for decades to come.”

Long Beach Harbor Commission President Bobby Olvera, Jr. said the highly skilled workforce has helped the port achieve six months of year-over-year cargo increases.

By Karen Robes Meeks