April 14, 2017 Comments Off on Long Beach Port Traffic Rebounds, Soars at Los Angeles Views: 644 California News, Top California

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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