L.A./Long Beach cargo gets boost from Chinese New Year

Markets

Friday, March 15, 2013

The Southern California ports of Long Beach and Los Angeles reported strong growth in cargo volumes in February, but noted the sharp increase may be due in part to the timing of Chinese New Year which dampened volumes last February but led to a surge this year. The Port of Long Beach said its terminals handled 530,967 TEUs (both full and empty) in February, 36.6 percent more than in February 2012. Imports were 279,144 TEUs, up 46 percent from the same mo...

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