Trade Cools in the Port of Long Beach Ship’s crew

Trade through the Port of Long Beach slowed in June as retailers continued to clear inventory, the port said on Thursday.

Dockers and terminal operators at the port moved 597,076 TEUs last month, down 28.5% from June 2022, the busiest port ever, and more than 21% below May’s volume.

Imports fell 34% year-on-year to 274,325 TEUs, while exports fell 18% to 94,508 TEUs. Empty container traffic in the port fell by 25% to 228,243 TEU.

“We hope to gain a larger share of the market,” said Mario Cordero, CEO of the Port of Long Beach. “We remain confident that our reliability, efficiency and unparalleled service will attract additional commercial and economic activity to our port.”

Next door, the Port of Los Angeles reported its best month in a year in June, with volumes just 5% below last year’s monthly record.

Economists are reporting that consumer spending beat expectations in the first half of 2023 and may flatten later in the year, the Port of Long Beach said.

“We continue to work with our industry partners to increase freight volumes and raise the bar for sustainable operations,” said Sharon L. Weissman, President of the Long Beach Harbor Commission. “Our highly skilled workforce, infrastructure projects and environmental programs continue to make us the port of choice.”

In the first half of 2023, the Port of Long Beach moved 3,732,676 TEU, down 25.5% from the same period last year.

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