Sunday , October 21 2018
Home / Calculated Risk / Port of Long Beach: Record Port Traffic in January 2018

Port of Long Beach: Record Port Traffic in January 2018

Summary:
From the Port of Long Beach: Year Begins With Records in Long BeachThe new year brought a raft of records to the Port of Long Beach, where January container volumes reached an all-time high for the month.Workers moved 657,830 twenty-foot equivalent units (TEUs) through the harbor in January, 12.9 percent more than the same month last year. The total marks the first time Long Beach has surpassed 600,000 containers in the month of January. The quick start to 2018 comes after officials recently announced that 2017 was the busiest year in the Port’s 107-year history, reaching 7.54 million TEUs.“The pre-Lunar New Year surge is definitely here,” said Port of Long Beach Executive Director Mario Cordero, taking note of the upcoming two-week holiday period in Asia, the Port’s primary trading

Topics:
Bill McBride considers the following as important:

This could be interesting, too:

Tyler Durden writes Trump Teases “Very Major Tax Cut For Middle-Income People” Before Midterms

Tyler Durden writes More Peace Dividends As Merkel And Macron Join Syria Summit In Sochi

Tyler Durden writes The Brexit Trilemma (Explained In 1 Simple Chart)

Marc Chandler writes What Can Bite You This Week?

From the Port of Long Beach: Year Begins With Records in Long Beach
The new year brought a raft of records to the Port of Long Beach, where January container volumes reached an all-time high for the month.

Workers moved 657,830 twenty-foot equivalent units (TEUs) through the harbor in January, 12.9 percent more than the same month last year. The total marks the first time Long Beach has surpassed 600,000 containers in the month of January. The quick start to 2018 comes after officials recently announced that 2017 was the busiest year in the Port’s 107-year history, reaching 7.54 million TEUs.

“The pre-Lunar New Year surge is definitely here,” said Port of Long Beach Executive Director Mario Cordero, taking note of the upcoming two-week holiday period in Asia, the Port’s primary trading partner. “Since this year’s holiday begins Feb. 16, we anticipated a busy January and February, as cargo owners seek to get goods shipped ahead of the festivities.”
CR Notes: The timing of the Chinese New Year always impacts traffic I'll have more on the LA area port traffic once Los Angeles releases their January statistics.
Bill McBride
A full time blogger, Mr. McBride retired as a senior executive from a small public company in the '90s. Mr. McBride holds an MBA from the University of California, Irvine, and has a background in management, finance and economics.

Leave a Reply

Your email address will not be published. Required fields are marked *