Port of Long Beach Says Nov 2011 Volume Down 18%
The Port of Long Beach issued a December 16, 2011 press release stating that its container trade volume dropped 17.6 percent overall in November compared to the same period a year ago. Imports were down 15.6 percent, and exports dipped…
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22.2 percent. The drop represents the fifth straight month of decline in container traffic at POLB. A portion of the decline in traffic was attributable to the departure of California United Terminals, which vacated one of the Port's seven container terminals last year. CUT accounted for roughly a tenth of the Port's overall container traffic. The numbers also reflect caution by retailers despite improving consumer confidence and a better than expected holiday 2011 shopping season.