California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Port of Long Beach Sees Busiest July to Date
A year-over-year surge in cargo volume lifted the Port of Long Beach to its most active July on record, and the third-busiest month in its 113-year history, as retailers stocked up on goods headed into the peak shipping season.
Dockworkers and terminal operators moved 882,376 twenty-foot equivalent units (TEUs) at the Port in July, up 52.6% Y-O-Y and surpassing the previous record set in July 2022 by 12.4%. Imports jumped 60.5% to 435,081 TEUs, exports grew 16.3% to 104,834 TEUs, and empty containers moved through the Port jumped 57.8% to 342,462 TEUs.
“We’re in a strong position heading into the peak shipping season as consumers purchase back-to-school supplies and shippers move goods ahead of potential tariff increases,” said Port of Long Beach CEO Mario Cordero. “We have plenty of capacity across our terminals and cargo continues to move efficiently and sustainably at this premier gateway for trans-Pacific trade.”
- ◦Economy
