Port of Long Beach Decline: Impact on US Railcar Services

Here’s an excerpt tailored for railway professionals:

“The Port of Long Beach saw declining container volumes in November, impacting import and export activity. Learn how these trends affect the demand for **railcar services**.”

Port of Long Beach Decline: Impact on US Railcar Services
December 22, 2016 12:34 am
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Introduction

In November 2023, the Port of Long Beach handled 613,975 TEUs (twenty-foot equivalent units), a decrease compared to the previous year. The port also saw a drop in imports and exports, with empty container activity experiencing an increase.

Container Volume Decline

The Port of Long Beach processed 286,766 import TEUs in November, marking a 10.9% decrease from November 2022. Export TEUs totaled 110,654, down 5.5% compared to the same period last year. Empty containers moved through the port reached 216,555 TEUs, a 6.2% increase year-over-year.

Year-to-Date Performance

From January to November, the Port of Long Beach moved 7,506,750 TEUs, a 13.3% decrease compared to the same period in 2022. Imports for this period were down 15.3% to 3,695,190 TEUs. Exports decreased by 1.6% to 1,222,947 TEUs. Empty containers handled rose 9.5% to 2,588,613 TEUs.

Future Outlook and Operations

In 2023, the Port of Long Beach has handled approximately 7.5 million TEUs. The port is currently operating with all terminals open. The port’s performance is influenced by various economic factors, impacting import and export volumes.

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Impact on American Railcar Leasing

The fluctuations in container volumes at the Port of Long Beach have implications for various sectors, including logistics and transportation. The decrease in import and export volumes may influence the demand for railcar services and other related transportation solutions, including those provided by American Railcar Leasing.

Conclusion

In November 2023, the Port of Long Beach experienced declines in both imports and exports. Year-to-date figures also show a decrease in overall container volume compared to the previous year.

Company Summary

Port of Long Beach: The Port of Long Beach is a major seaport in the United States, handling a significant volume of container traffic. Its operations are critical to international trade.