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Port of Long BeachThe Port of Long Beach has been experience tremendous increases in cargo volumes. In 2017, the port had an overall increase of 11% in cargo volumes for the year, and the momentum has remained in the start of 2018 with two record-breaking months in a row. In February, cargo volumes at the port increased 30%. At least a portion of the bump can be attributed to advance activity before the Lunar New Year, when Asian carriers will break for the holiday. Still, the extreme increases show strong momentum at the port largely due to a growing economy, according to officials.

“The shipping increase prior to the Lunar New Year holiday is common, and this one was particularly busy for the Port of Long Beach,” Lee Peterson of the Port of Long Beach tells GlobeSt.com, adding that the economy is also a factor in the recent increases. “The record-breaking cargo volume for the first two months is due to the fact that the economy is accelerating and we are seeing retailers and consumer feeding the demand.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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