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Rail News: Intermodal

Port of Long Beach breaks TEU record in FY2018

The port handled more than 8 million 20-foot-equivalent units (TEUs) in FY2018
Photo – Port of Long Beach


The Port of Long Beach reported a 10.7 percent increase in volume in fiscal-year 2018 ended Sept. 30 compared with the previous year.

The port handled more than 8 million 20-foot-equivalent units (TEUs) in FY2018 — the most ever during a fiscal year. The port is on track to break its calendar-year record by December's end, said Mario Cordero, the port's executive director, in a press release.

"Despite the tariffs imposed by Washington and Beijing, international trade is showing resilience, and at our port we are providing a conduit for commerce that's efficient for our customers and getting their cargo to destinations faster, saving them money," Cordero said.

September's total volume was flat, with a slight decrease of 0.1 percent compared to September 2017. Imports decreased 2.5 percent to 357,301 TEUs compared with a year ago. Exports were down 3 percent to 121,561 TEUs, while empties increased 5.9 percent, to 222,343 TEUs.

Contact Progressive Railroading editorial staff.

More News from 10/15/2018