Port of Long Beach Cargo Trends: Rail Industry Insights

West Coast port volumes are shifting. This presents new opportunities for railway professionals as they undergo railway upgrades.

Port of Long Beach Cargo Trends: Rail Industry Insights
August 14, 2016 5:03 am
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Introduction

In November 2022, the Port of Long Beach handled 602,709 twenty-foot equivalent units (TEUs), a decrease of 20.6% compared to November 2021. This decline was primarily due to a slowdown in consumer spending and a shift in cargo from the West Coast to the East and Gulf Coasts.

Port Activity Overview

The Port of Long Beach processed 303,016 import TEUs in November 2022, a 28.5% decrease year-over-year. Export TEUs reached 107,768, a 3.1% increase. Empty containers moving through the port totaled 191,925 TEUs, down 15.6%.

Financial and Operational Metrics

For the first eleven months of 2022, the Port of Long Beach moved 8,623,667 TEUs, a 3.7% decrease compared to the same period in 2021. The port’s financial performance was not detailed in the provided information.

Industry Trends and Challenges

The decrease in cargo volume at the Port of Long Beach reflects broader trends in the industry, including reduced consumer demand. The port continues to address congestion and improve efficiency. This is due to a decline in consumer spending and a shift in cargo from the West Coast to the East and Gulf Coasts. The port continues to address congestion and improve efficiency.

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Future Outlook

The Port of Long Beach is working on several initiatives to enhance its infrastructure and operations. Specific details regarding these initiatives were not provided in the source material, but the Port of Long Beach continues to adapt to changing market conditions and maintain its competitiveness.

Conclusion

In November 2022, the Port of Long Beach experienced a significant decrease in cargo volume, primarily due to shifts in consumer spending and cargo routing. The port handled a total of 602,709 TEUs, with declines in imports and empty containers. Despite these challenges, the port continues to address congestion and improve efficiency.

Company Summary

Port of Long Beach: The Port of Long Beach is a major seaport in the United States, handling a significant volume of international trade. It is a key gateway for cargo moving between Asia and North America.

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