Los Angeles, July 16 (IANS) The Port of Long Beach, the second busiest port in the United States, said on Tuesday the port achieved its busiest June on record, driven by vibrant consumer spending, potential tariff increases and ongoing labour contract negotiations at seaports on the East and Gulf coasts.
Dockworkers and terminal operators moved 842,446 twenty-foot equivalent units (TEUs) in June, up 41.1 per cent from the same month last year and surpassing the previous record set in June 2022 by 7,034 TEUs, said the port in a news release, Xinhua news agency reported.
Port officials pointed out that imports jumped 53 per cent to 419,698 TEUs, exports rose 4 per cent to 98,300 TEUs, and empty containers moving through the port increased 42.1 per cent to 324,448 TEUs.
The Port has moved 4,291,626 TEUs during the first half of 2024, up 15 per cent from the same period last year, according to the news release.
“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 in the news release, adding that “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 maximise cargo velocity efficiently and sustainably for decades to come.”
The Port of Long Beach is the most important gateway for China-US trade, with about 70 per cent of its cargo volume related to China.
The Port of Long Beach and neighboring Port of Los Angeles together make up the San Pedro Bay Port Complex in Southern California. The complex is the world’s busiest port complex by container volume.
In 2023, the Port of Los Angeles was the busiest US cargo port, moving more than 8.6 million TEUs, while the Port of Long Beach was the second busiest with 8 million TEUs.
–IANS
int/rs/svn
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
