In December, the Port of Long Beach reported a significant increase in cargo volumes, reaching a total of 709,819 Twenty-Foot Equivalent Units (TEUs), marking a 30% rise compared to the same period in the previous year. This growth represents the highest year-over-year increase recorded by the port in 2023.
Mario Cordero, the CEO of the Port of Long Beach, addressed this achievement during a State of the Port Address on January 17. Cordero reflected on the challenges posed by the COVID-19 pandemic and noted the port’s continued role as a key hub for trans-Pacific trade.
Statistics for December show a 38% increase in loaded imports and a 46% rise in empty containers compared to the previous year.
The event also highlighted developments in the San Pedro Bay, with a particular focus on enhancing on-dock rail capacity in 2023. Termed as the “Year of Rail” by the executives, the initiative includes significant progress on the Pier B On-Dock Rail Support Facility. This project is set to double the size of the existing Pier B rail yard to 171 acres and increase the on-dock rail capacity by more than threefold. Upon completion, the expanded rail yard is expected to handle approximately 4.7 million TEUs annually.
Bobby Olvera Jr., President of the Long Beach Harbor Commission, commented on the project’s potential to boost the port’s competitiveness. He emphasized the goals of rebuilding, electrifying, and decarbonizing the port’s operations as part of this development.
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