The Port of Long Beach cargo volumes rose 24% year over year in November to 731,034 total TEUs, showing a three-month consecutive increase.
“We are recapturing market share, online shopping is on the rise and retailers are keeping the shelves stocked to meet rising consumer demand for the holidays,” CEO Mario Cordero said in a press release. “We remain optimistic as cargo returns to this critical gateway for trans-Pacific trade.”
Even with the positive outlook, November volumes were still down 3% month over month at the Port of Long Beach, moving 755,150 total TEUs.
“Cargo flows this year have been approximately on pace with pre-pandemic levels, when the Port of Long Beach moved more than 6.96 million TEUs through November 2019,” according to the press release. During the first 11 months of 2023, the port has moved 7.3 million total TEUs.