Cargo Surge Lifts Port of Long Beach to Record Month

Cargo Surge Lifts Port of Long Beach to Record Month

Los Angeles - set a record last month with 796,804 industry-standard 20-foot-equivalent units (TEUs), up 16% compared with July 2016.

During the 10-month period between October 1, 2016, and July 31, 2017, the port logged 32,901 20-foot-equivalent units (TEUs), significantly more than the Florida Gulf port's full-year high mark of 30,432 TEUs set in fiscal-year 2010, port officials said in a press release.

The Port of Long Beach's previous record was set in August 2015, when workers at the complex moved almost 704,000 container units.

"These numbers are great for Long Beach and good news for the economy", Port of Long Beach Executive Director Mario Cordero, said in a statement.

Imports increased 13 percent to 417,090 TEUs, and exports rose 17 percent to 154,925 TEUs.

Ships coming in and out of the Port of Long Beach during the month of July set a record for container movements, port officials reported Friday. "We're glad to support them, and we are ready for more".

The increase is mainly attributable to Del Monte Fresh Produce N.A. switching from breakbulk shipping to containers for imports of Central American pineapple and bananas as well as to the success of World Direct's weekly shipping service that transports refrigerated produce from Mexico, according to the release.

The total container volume for the first 10 months of fiscal 2017 is up 47 percent compared with the first 10 months of the preceding fiscal year. August is forecast at 1.75 million, up 2.1% and what would be the highest monthly volume recorded since NRF began tracking imports in 2000, the federation reported.



Related Posts

Online Casinos that Accept UK Players
Since the UK has grown to become a thriving gambling market, numerous gaming destinations have popped up that provide the service. Since the UK is regarded as the online gaming hub of the world, gamblers in the region are in no short supply of casino options.

Top Resources for NAHQ CPHQ Exam
This is why it is highly crucial that you go through the exam content outline or exam objectives before you start your study. You don’t need to buy these guides; having one of them is enough to give you all you need to prepare for your test.

Fatal roll over in Cass County
Jeffery Palmer and his wife 42 year-old Janet Palmer were taken by rescue to Nebraska Medical Center. Northbound lanes of Highway 75 were blocked from Highway 1 past Young Road for multiple hours.

Pioneer Investment Management Inc. Reduces Position in IPG Photonics Corporation (NASDAQ:IPGP)
Federated Investors Inc decreased Headwaters Inc (NYSE:HW) stake by 45,328 shares to 2,407 valued at $57,000 in 2016Q4. State Street Corporation has invested 0.03% in Chesapeake Energy Corporation (NYSE:CHK). 335 were reported by Mu Ltd.

Assam Hit by Fresh Floods; Over 700 Villages in 15 Districts Affected
At least 76 people have been reported to have died in the first wave of floods, according to IANS . The Chief Secretary asked the DCs to visit the affected areas and if required open relief camps.

Copart, Inc. (NASDAQ:CPRT) Given Consensus Recommendation of "Hold" by Brokerages
The Redmond Asset Management Llc holds 81,271 shares with $4.50 million value, down from 115,459 last quarter. (NASDAQ:CPRT). The Firm is engaged in providing tools businesses need to create, manage, secure, deliver and measure their videos.

Voter Suppression Doesn't Come Much Clearer Than This
That's the distressing but entirely predictable upshot of a blockbuster report published by the Indianapolis Star on Thursday. Republicans across the country recognize that a fully enfranchised electorate poses a grave threat to their grasp on power.

TTM Technologies, Inc. (NASDAQ:TTMI) Upgraded at Needham & Company LLC
The fund owned 12,412 shares of the technology company's stock after buying an additional 2,032 shares during the period. The company achieved year to date performance of -2.05% and disseminated yield of -21.75% for the past six months.

Justice is served as new Judge Dredd figure preorders are now open
Despite the hefty price tag of $799.99, there is a 15% discount available for customers who pay in full or opt into a payment plan.

Lazard Asset Management LLC Buys A Lot More Genesee & Wyoming Inc
The stock's average target of $73.64 is 9.58% above today's ($67.2) share price. 48 funds opened positions while 57 raised stakes. Morgan Stanley reaffirmed an "equal weight" rating on shares of Genesee & Wyoming in a research note on Tuesday, July 11th.

© 2015 ExpressNewsline. All Rights reserved.