Containerized cargo continued its upward trend at the Port of Long Beach in October, with volume rising 8.7 percent compared to the same month one year ago as the annual three-month “peak season” for imports drew to a close.
Port terminals handled 576,502 TEUs (or twenty-foot equivalent container units) in October 2013, an increase of 8.7 percent over October 2012. Imports climbed 7.8 percent to 298,271 TEUs, and exports were up by 6 percent to 141,457 TEUs.
Empties were up 13.9 percent to 136,774 TEUs. With imports exceeding exports, empties are sent overseas to be refilled with goods.
For the first 10 months of calendar 2013, cargo container volume is up 13.2 percent – including 15.2 percent more imports, 10.9 percent more exports and 11.1 percent more empties.
Moreover, the Port of Long Beach enjoyed a strong past three months, with August through October imports in 2013 up 14.4 percent over the same three-month period in 2012. During the traditional “peak season” from August through October, U.S. retailers stock their shelves in advance of the holiday buying season.
For the latest monthly cargo numbers, go to http://www.polb.com/economics/stats/latest_teus.asp.
For more details on the cargo numbers, visit www.polb.com/stats.