The Port of Long Beach has recaptured significant market share with a November surge in cargo volume of 24%, in a year-over-year comparison, much of it fueled by a surge in online sales during the holiday season.
November's cargo haul of 731,034 TEUs marked the third consecutive monthly increase.
"We remain optimistic as cargo returns to this critical gateway for trans-Pacific trade," Mario Cordero, the Port of Long Beach CEO, said in a statement. "We are recapturing market share, online shopping is on the rise and retailers are keeping the shelves stocked to meet rising consumer demand."
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