April 14, 2017 Comments Off on Long Beach Port Traffic Rebounds, Soars at Los Angeles Views: 527 California News, Top California Stories

Long Beach Port Traffic Rebounds, Soars at Los Angeles

Cargo traffic at SoCal’s two ports increased in March. The Port of Los Angeles (POLA) recorded a 29% jump in incoming container traffic compared to the previous year. The Port of Long Beach (POLB) experienced a 20% increase in cargo numbers from the previous year. Traffic for the quarter at Long Beach was its best since 2007.

POLA says its performance can be credited to a combination of factors, including strong export volumes (up 20%), a post-Lunar New Year surge of cargo from Asia, and U.S. retailers that moved merchandise before a new vessel alliance kicked in this month.

The increased volume is encouraging for POLB, after a shaky period when it worked through issues from the bankruptcy of Hanjin Shipping Co., which was its largest tenant. Now that a new agreement is in place with Mediterranean Shipping Co., port leaders see “a lot of upside” the balance of 2017.

Read more at Los Angeles Business Journal

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