Ports See an Upswing

The recession appears to have ended at the West Coast’s largest container ports.

The Port of Los Angeles reported that container traffic for 2010 was up 16% from 2009.

There were double-digit percentage increases in both import and export volume, and the port set a new record for container exports.

“The 2010 volume gains far surpass our initial estimates,” port executive director Geraldine Knatz said in a statement.

“This is good news not only for Los Angeles, but cities across the nation,” Los Angeles Mayor Antonio Villaraigosa said.

Los Angeles is the nation’s top-ranked port for container volume. The number-two port, next door in Long Beach, also had a good year in 2010.

The Port of Long Beach reported handling 23% more containers in 2010 than in 2009.

For reprint and licensing requests for this article, click here.
Transportation industry
MORE FROM BOND BUYER