The Port of Long Beach said Wednesday that its cargo volume in February dropped from the same month last year, the fourth time in the past five months that the volume has been down.
The port handled 529,699 20-foot containers last month, a 2.1 percent decline.
The number of loaded import containers dropped more than 7 percent, which experts say is largely a result of the struggling U.S. economy.
But the port’s numbers were buoyed by a whopping 36 percent jump in exports, to 147,275 units. The declining value of the dollar has made U.S. goods more affordable in the international marketplace, providing a boost for exporters.
The port handled 529,699 20-foot containers last month, a 2.1 percent decline.
The number of loaded import containers dropped more than 7 percent, which experts say is largely a result of the struggling U.S. economy.
But the port’s numbers were buoyed by a whopping 36 percent jump in exports, to 147,275 units. The declining value of the dollar has made U.S. goods more affordable in the international marketplace, providing a boost for exporters.