Slower Imports Will Ease Port Congestion
Port of Long Beach Executive Director Mario Cordero told Bloomberg News he expects the pandemic-era surge in U.S. consumer demand that snarled supply chains will start to cool, with evidence of a deceleration starting to show in weaker inbound container arrivals. The nation’s No. 2 gateway for trade moved 806,940 20-foot container units last month, down 0.1% from August 2021 — which was its busiest August on record. Imports dropped 5.6% and exports gained 1.6%. Through August, Long Beach moved 6.6 million TEUs, a 4% increase from the same eight-month period last year. Cordero also expressed confidence dockworkers and their employers at West Coast ports will keep cargo moving as they negotiate a new labor contract, avoiding a repeat of the stoppages and delays that plagued supply chains in the 2014 talks.
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