Long Beach Execs Optimistic About 2012, Despite Economy Concerns
Port industry executives said there is growing optimism for cargo’s upcoming “peak season,” at the Port of Long Beach “Pulse of the Ports” meeting March 28. The executives told the 400 attendees that international cargo shippers expect a busier year in 2012 than in 2011. “Importers are optimistic and they believe sales will increase this year,” said Daniel Wall, senior vice president of logistics firm Expeditors.
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The optimism was tempered somewhat by concern over the European economies, officials said. Erxin Yao, president of the OOCL shipping line said future ocean transportation success will depend upon efficient and sustainable freighters, which the Middle Harbor can handle efficiently.
The Port of Long Beach is connected to 140 shipping lines, reaching 217 seaports. It handles trade valued at more than $155 billion per year.