Port of Long Beach has busiest July on record

The Port of Long Beach had its busiest July in its history despite a slowdown in consumer spending.

Dockworkers and terminal operators moved 785,843 twenty-foot equivalent units in July, a slight increase of 0.13% from the previous record set in July 2021. Imports fell 1.8% to 376,175 TEU, while exports fell 0.5% to 109,411 TEUs. Empty containers passing through the Port increased by 2.8% to 300,257 TEUs.

“We continue to look for solutions to improve efficiency as record numbers of containers pass through the port,” said Port of Long Beach Executive Director Mario Cordero. “We hope to alleviate some of the pressure points by continuing to support a transition of the entire supply chain to 24/7 operations and ensuring that our industry partners can follow the containers with our new supply chain information highway data solution.”

“Our waterfront workforce continues to move commerce through the harbor at a record pace,” said Sharon L. Weissman, chair of the Long Beach Harbor Commission. “We continue to strengthen our partnerships with labor and industry to secure our place as a leader in trans-Pacific trade.”

The economy is not necessarily in a recession, but weak domestic demand confirms that it is rapidly going downhill amid stubbornly high inflation and aggressive tightening by the Federal Reserve. Consumer spending rose a modest 1% nationally, as higher spending on services offset a decline in purchases of goods.

With the July result, the Port of Long Beach has broken monthly records in six of the past seven months. The port carried 5,793,621 TEUs in the first seven months of 2022, up 4.6% from the same period last year.
Source: Port of Long Beach