LONG BEACH (CNS) - Trade slowed at the Port of long Beach in July due to adjusted trade routes, full warehouses and a shift in consumer spending to travel, entertainment and other experiences, port officials announced Tuesday.
Dockworkers and terminal operators moved 578,249 twenty-foot equivalent units (TEUs) last month, down 26.4% from July 2022, which was the port's busiest July on record. Imports declined 27.9% to 271,086 TEUs, while exports decreased 17.6% to 90,134 TEUs.
Empty containers moving through the port were down 27.7% to 217,030 TEUs.
The Port of Long Beach has moved approximately 4,310,925 TEUs during the first seven months of 2023, down 25.6% from the same period last year. Cargo flows are now closer to pre-pandemic levels, when the port moved 4.3 million TEUs through the first seven months of 2019.
Mario Cordero, CEO of the Port of Long Beach, said in a statement that he is "confident" that the port will see "our number improve as we work with industry partners to rebuild our market share."
"Looking ahead in the near term, however, we anticipate a modest `peak season' for shipping as consumers spend a little less this year on back- to-school supplies and gifts through the holiday season."
Long Beach Harbor Commission President Bobby Olvera Jr. said in a statement that the port will be ready for a "rebound in cargo volume based on our ability to move cargo reliably, quickly and sustainably."
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