For the second year running, the Port of Long Beach, California, has broken its record for the volume of cargo handled in an October.
The amount of cargo rose by 5.4 per cent compared with the previous October, and last October was also the third busiest month in the port’s 107 year history. The port’s marine terminals handled 705,408 teu last October, with import containers increasing 7.4 per cent to 364,084 teu, and exports totalled 119,837 teu, a fall of 5 per cent, while the number of empty containers increased by 8.5 per cent to 221,482 teu.
Announcing the results last November, the port’s executive director Mario Cordero said the results illustrate the evolving effects of the US-China trade war.
He said: “Our higher import volumes suggest some retailers expect U.S. consumers will be big spenders this holiday season while other importers are rushing shipments to beat escalating tariffs. “At the same time, the trade war has clearly slowed American exports to China.”