In February, the Port of Long Beach witnessed a notable surge in cargo shipments, propelled by a combination of favorable economic conditions, increasing consumer confidence, and concerted efforts aimed at reclaiming market share.
This bustling Californian port saw a remarkable increase in total Twenty-Foot Equivalent Units (TEUs) handled, marking a significant uptick of 24.1% compared to the cargo throughput recorded in February 2023.
Of particular significance was the substantial rise in import volumes, which experienced a robust increase of 29.4%, reaching an impressive 329,850 TEUs.
Conversely, export volumes experienced a modest decline of 21.1%, settling at 87,474 TEUs. Additionally, there was a noteworthy surge of 44.8% observed in the movement of empty containers through the San Pedro Bay port, totalling 257,400 TEUs.
Mario Cordero, the esteemed CEO at the Port of Long Beach, attributed this commendable performance to the port's unwavering commitment to delivering exceptional customer service and its proactive approach to enhancing market competitiveness.
Cordero emphasized ongoing investments in critical infrastructure projects as pivotal to ensuring the port's sustained growth and long-term viability.
Furthermore, this robust growth trajectory extended throughout the initial two months of 2024, with accumulative cargo throughput of 1,348,738 TEUs registered.
This figure represents a commendable growth rate of 20.7% compared to the corresponding period in 2023.
Bobby Olvera Jr., President of the Long Beach Harbor Commission, lauded the pivotal role played by the port's highly skilled workforce in driving year-over-year increases in cargo volumes for the past six months.
Olvera Jr. underscored the port's reputations the "Port of Choice," attributing this distinction to its ongoing infrastructure enhancements and steadfast commitment to environmental stewardship.
In summary, the Port of Long Beach's impressive performance in February underscores its resilience and adaptability in navigating dynamic market conditions.
Through strategic investments, exceptional service delivery, and a skilled workforce, the port continues to solidify its position as a leading gateway for international trade and commerce.
