May was
the second-busiest month on record for the Port of Long Beach, and its
strongest month so far in 2022.
Dockworkers
and terminal operators processed 890,989 twenty-foot equivalent units in May, a
1.8% decline from May 2021, which remains the Port’s busiest month in its
111-year history.
Imports
decreased 1.7% to 436,977 TEUs and exports were down 12.6% to 118,234 TEUs.
Empty containers moved through the Port increased 2.6% to 335,778 TEUs.
We are moving an extraordinary amount
of cargo
“We are
moving an extraordinary amount of cargo and continue to work with industry
partners to quickly move imports and empties off the docks,” said Port of Long
Beach Executive Director Mario Cordero. “Looking ahead, we are ready for the
traditional summertime surge to coincide with China’s recovery from a lengthy
lockdown.”
“We
appreciate the hardworking people who quickly process cargo and make the Port
of Long Beach a leader in trans-Pacific trade,” said Long Beach Harbor
Commission President Steven Neal. “We are collaborating with federal, state,
local and industry stakeholders to find long-term solutions that will satisfy
consumer demand and increase efficiency at the port.”
The Port
has withheld the start of a “Container Dwell Fee” that would charge ocean
carriers for containers that remain too long on the docks. The San Pedro Bay
ports – Long Beach and Los Angeles – have seen a 40% decline in aging cargo on
the docks since the program was announced on Oct. 25.
A cargo
influx is anticipated as pandemic-induced shutdowns are lifted in China.
Demand for workers remains strong, with the
addition of 6.6 million jobs reported nationwide over the past year. Increases
in core durable goods shipments suggest business investment continues to
progress at a steady clip.
The Port has moved
4,172,366 TEUs during the first five months of 2022, a 3.5% increase from the
same period in 2021. |