Cargo Surge Lifts Port of Long Beach to Record Month

Share
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.

Share

Advertisement

Related Posts

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.

BlackRock Municipal Income Inve (NYSE:BAF) Sees Significantly Higher Trading Volume
If you are accessing this report on another publication, it was stolen and reposted in violation of US & worldwide copyright laws. At the time of writing, Invesco Value Municipal Income Trust (IIM) has a 14-day Commodity Channel Index (CCI) of -147.91.

Hertz Global Holdings, Inc (NYSE:HTZ) Bond Prices Rise 2.6% Earnings
In a transaction dated November 14, 2016, the shares were bought at an average price of $28.05, giving away a sum of $280,500. ILLEGAL ACTIVITY NOTICE: This story was first reported by Transcript Daily and is the sole property of of Transcript Daily.

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.

Global stocks fall on rising unease over North Korea
North Korea could just be an excuse for people to cash in winning stocks, especially tech companies like Apple and Facebook . World stock markets slid Wednesday as worries about US-North Korea tensions sent traders fleeing to safe-haven investments.

Why Gambling Is Better than Sports Betting
Additionally, they can use these versions to practice various strategies to see which one will earn them the best winning chances. These versions give the gambler a chance to sift through the games to find the best one that resonates with their style.

Baker Hughes Reports 5-Rig Drop as Oil Heads for Weekly Loss
Overall, the count of oil-directed rigs climbed by three to 768, but the natural gas rig count dropped by eight to 181. The rise in U.S. natural gas production could be because of the surge in USA crude oil production during this period.

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.

Two seriously injured after small plane crash in Lenawee County
Around 2 p.m., deputies said a woman in the plane walked nearly a mile away and flagged down a passing vehicle . The names of the victims have not been made public nor has the flight path of the plane that went down.

3 Secrets of Innovation Development by Max Polyakov
Also, the investor should never forget that even the biggest amount of invested resources doesn’t guarantee a success. One of the recent examples is the mass closing of brick-and-mortar shops in the USA because of Amazon’s popularity.

© 2015 ExpressNewsline. All Rights reserved.