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5/17/2021
Rail News: Intermodal
An ongoing cargo boom largely driven by online purchases lifted the Port of Long Beach to its strongest April volume on record, according to a news release.
The port moved 746,188 20-foot equivalent units (TEUs) in April, a 43.6% increase from the same month last year.
It was the first time the nation’s second-busiest seaport handled more than 700,000 TEUs in the month of April, surpassing the previous April record set in 2019 by 118,066 TEUs, port officials said in a press release.
Imports grew 44.8% to 367,151 TEUs while exports climbed 21% to 124,069 TEUs. Empty containers moved through the port shot up 55.8% to 254,970 TEUs.
Through 2021's first four months, the port handled 3,122,315 TEUs, a 41.8% year-over-year increase.
The port spent the past decade preparing for the challenges of cargo growth through a $4 billion capital improvement program resulting in terminal upgrades, a new bridge and the completion this summer of the Long Beach Container Terminal at Middle Harbor.
In the next 10 years, the port plans to invest another $1.7 billion for rail improvements, terminal modernization and other strategic infrastructure projects aimed at easing the flow of cargo moving through the port.
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May 17, 2021 at 10:10PM
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