Port of Long Beach Rail Trends: Future of Cargo & Union Pacific

“The Port of Long Beach saw a 14.5% surge in May, moving over 680,000 TEUs. Key to this growth: ongoing *Union Pacific California rail investment*!”

April 12, 2017 8:42 am

Introduction

In early May 2024, the Port of Long Beach handled 680,883 twenty-foot equivalent units (TEUs), marking a 14.5% increase compared to May 2023. This surge in volume follows a trend of increased cargo activity at the port, reflecting broader shifts in the global supply chain.

Port of Long Beach Cargo Volume

The Port of Long Beach experienced a substantial rise in cargo movement in May 2024. The port processed 680,883 TEUs, a significant increase from the 594,476 TEUs handled in May 2023. This increase was driven by a rise in imports, which reached 333,790 TEUs, a 20.6% increase year-over-year. Exports also saw a positive trend, with 124,198 TEUs processed, a 5.6% increase compared to the previous year. Empty containers handled totaled 222,895 TEUs, up 9.6%.

Recent Trends and Performance

The Port of Long Beach has observed an overall increase in cargo volume for the year. From January through May 2024, the port moved 3,369,040 TEUs, a 15.3% increase compared to the same period in 2023. This growth is attributed to increased consumer demand and a shift in cargo routing. The port’s Executive Director, Mario Cordero, noted the importance of this growth, especially after the disruptions experienced in the previous year. He also highlighted the port’s commitment to efficiency and sustainability, referencing ongoing infrastructure improvements designed to enhance cargo flow.

Operational Efficiency and Sustainability

The port continues to focus on improving operational efficiency. A key element of this is the Pier B On-Dock Rail Support Facility. The port is also investing in sustainable practices, including the implementation of the Green Port Policy. The port is working to reduce emissions and improve air quality in the surrounding communities.

Future Outlook

The Port of Long Beach is optimistic about maintaining its growth trajectory, and is actively seeking opportunities to enhance its capacity and efficiency. The ongoing Union Pacific California rail investment is expected to contribute to the port’s long-term competitiveness by improving rail connectivity and facilitating the movement of goods.

Conclusion

In summary, the Port of Long Beach experienced a significant increase in cargo volume in May 2024, with a 14.5% rise to 680,883 TEUs. This growth is part of an overall positive trend for the year, driven by increases in both imports and exports. The port’s focus remains on operational efficiency, sustainability, and enhancing its infrastructure to support continued growth.

Company Summary

Port of Long Beach: The Port of Long Beach is a major seaport in the United States, handling a significant volume of international trade. It is known for its efficiency, commitment to sustainability, and ongoing infrastructure improvements.