Cargo Volume at LB Port Flat in 2011, Would Have Risen 10% but for CUT's Departure
The Port of Long Beach reports that containerized cargo traffic remained relatively flat in 2011 due to the departure of one of its seven tenants, California United Terminals, which accounted for roughly a tenth of the Port's overall container traffic.…
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Adjusting for CUT's departure, POLB states that the remaining six container terminals saw a gain of 8.1 percent in 2011. POLB also states that during 2011 Imports were up 10.1 percent and exports climbed 7.8 percent.