Port of Long Beach Rail: Cargo Surge & Infrastructure Insights

The Port of Long Beach’s robust growth in Q1 2024 highlights the crucial role of its rail network in facilitating increased cargo movement.

Port of Long Beach Rail: Cargo Surge & Infrastructure Insights
July 25, 2016 9:36 am
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Introduction

In the first quarter of 2024, the Port of Long Beach handled 2,059,282 twenty-foot equivalent units (TEUs), marking a 13.1% increase compared to the same period in 2023. This growth was announced by the port on May 13, 2024, reflecting increased cargo movement through the California port.

Port of Long Beach Performance

The Port of Long Beach experienced a substantial rise in cargo volume during the initial three months of 2024. Total throughput reached 2,059,282 TEUs, a significant increase from the 1,821,976 TEUs handled in the first quarter of 2023. Specifically, imports increased by 19.8% to 1,027,333 TEUs, and exports decreased by 4.2% to 337,185 TEUs. Empty containers moved through the port totaled 694,764 TEUs, up 17.5%.

March 2024 Statistics

March 2024 saw a total of 707,764 TEUs handled at the Port of Long Beach. This represents a 17.8% increase compared to March 2023. Imports in March were up 26.8% to 359,576 TEUs, while exports decreased by 3.5% to 110,612 TEUs. The port moved 237,576 empty containers in March, which is a 20.3% increase year-over-year.

Operational Efficiency and Outlook

Port officials attribute the cargo surge to increased consumer demand and a return to more typical cargo flow patterns. The port continues to invest in infrastructure improvements, including the Pier B On-Dock Rail Support Facility, which is designed to enhance efficiency. The Rail network is a critical component of the port’s operations, facilitating the movement of cargo inland.

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Future Projections

The Port of Long Beach anticipates continued strong performance in the coming months, supported by ongoing infrastructure development and a focus on operational efficiency.

Conclusion

The Port of Long Beach reported a substantial increase in cargo volumes during the first quarter of 2024, with a total of 2,059,282 TEUs handled. This represents a 13.1% increase compared to the same period in 2023. The growth was driven by increases in imports and empty container movements, while exports saw a slight decrease. The port anticipates continued strong performance due to infrastructure investment and operational enhancements.

Company Summary

Port of Long Beach: The Port of Long Beach is a major seaport in the United States, located in Long Beach, California. It is a key gateway for international trade, handling a high volume of containerized cargo.

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