Port Of Long Beach Cargo Traffic Decreases Due To Shipping Alliance Changes, Tariffs
Total containerized cargo volumes moving through the Port of Long Beach decreased in August compared to the same month in 2017, the port announced today. This is the second consecutive month the port has experienced a dip in cargo traffic. Imports declined by 3.6%, but exports increased by 1.9%, according to the port. The shipment of empty containers overseas decreased by 1.1%. According to a port statement, overall container traffic has increased 9.4% through the first eight months of the year compared to the same period in 2017. “Our port’s decline in cargo over the last two months is in large part due to a realignment of ocean carrier alliance services and port calls,” Port of Long Beach Executive Director Mario Cordero stated. “Another factor is higher tariffs by the United States and China. Thus far, that appears to have helped increase traffic, as shippers act to beat duties imposed on goods this summer.”
Manufacturing Industry Registers Strongest Growth In 14 Years
The purchasing manager’s index (PMI) for the manufacturing industry – a rating that measures new orders, inventory levels, employment and other business indicators – reached a 14-year high of 61.3% in August, according to the Institute of Supply Management (ISM). The index increased by 3.2% from July. Sales of manufactured goods increased in August, as did the number of persons employed in manufacturing, according to ISM, an international association serving supply management professionals. Although many business indicators were positive, survey respondents were increasingly concerned about escalating tariffs, according to Timothy Fiore, chair of the institute’s committee for its Manufacturing Business Survey.
Chat And Jam With Assemblymember O’Donnell And Councilmember Price
Assemblymember Patrick O’Donnell and 3rd District Councilmember Suzie Price are hosting a free community concert tonight where attendees have the opportunity to speak with them about state and legislative issues. The event features food trucks and 1980s tribute band Knyght Ryder and takes place from 6-7:30 p.m. at Marine Stadium Park, 5255 E. Paoli Way.
Walk To The Historic Ranchos Of Long Beach
A series of scenic walks tomorrow will highlight the historic Rancho Los Alamitos and Rancho Los Cerritos. Attendees are invited to walk the full 9.4 miles between the ranchos, or to opt for the shorter six-mile or 3.4-mile routes that include shuttle rides. Registration for the full-length walk begins at 7:30 a.m. at 1200 Palo Verde Ave. Registration for the six-mile walk begins at 9 a.m. and starts at 2200 Redondo Ave. The sign-in period for a 3.5-mile walk opens at 10 a.m., 2755 Orange Ave. All walks are free and end at the Rancho Los Cerritos entrance. Shuttle services will be provided. Click here to register.