Trade soars with consumer spending amid concerns about tariffs
The Port of Long Beach achieved its busiest June on record, driven by vibrant consumer spending, potential tariff increases, and ongoing labor contract negotiations at seaports on the East and Gulf coasts.
Dockworkers and terminal operators moved 842,446 twenty-foot equivalent units in June, up 41.1% from last year, surpassing the previous record set in June 2022 by 7,034 TEUs.
Imports jumped 53% to 419,698 TEUs, exports rose 4% to 98,300 TEUs, and empty containers moving through the Port increased 42.1% to 324,448 TEUs.
“We are recapturing market share, and consumer spending is driving cargo to our docks as we head into the peak shipping season,” said Port of Long Beach CEO Mario Cordero. “I see modest growth for the second half of 2024 as we strengthen our competitiveness and continue to invest in our rail infrastructure projects that will maximize cargo velocity efficiently and sustainably for decades to come.”
“Our waterfront workforce and terminal operators are delivering top-notch customer service by promptly processing a hefty increase in containers during the very busy summer months,” said Long Beach Harbor Commission President Bobby Olvera Jr. “We are focusing on our efforts to keep cargo flowing smoothly and secure our position as the premier gateway for trans-Pacific trade.”
The Port moved 4,291,626 TEUs during the first half of 2024, up 15% from last year.
For complete cargo numbers, visit polb.com/statistics.
